Bybit’s first launchpool on its EU exchange is going live, in collaboration with XION.
Summary
- Bybit partners with XION to launch a MiCA-compliant staking pool in its EU exchange
- The rewards pool is worth about $110,000, with highest APR for XION stakers
- The exchange is making these rewards available to European Economic Area users
Crypto exchanges are quickly adapting to greater regulatory clarity in Europe. On Thursday, August 14, Bybit EU launched its first Launchpool, a rewards program in cooperation with the XION project.
Specifically, the Launchpool will allow users to lock up certain tokens and stake them for a set period of time to earn rewards. The pool size is 100,000 XION, worth about $110,000. Users will be able to stake XION tokens, Mantle (MNT) and USDC stablecoin.
“Europe is now the proving ground for regulated digital assets, and together with Bybit EU we’re setting a precedent for how mainstream audiences can discover and engage with blockchain technology in a safe, intuitive way,” Anthony Anzalone, Founder of XION.
XION tokens will yield a 60% APR, Mantle will yield 36% APR, while USDC will yield 24% APR. Notably, the APR is proportional to risk, as the underlying asset can fall in value while under lockup.
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Bybit adapts to changing EU regulations
On July 1, Bybit has lauched his EU-focused platform, which complies with EU’s MiCA regulations. According to the exchange, MiCA regulations provide much needed regulatory clarity for the firm to expand in this market.
“Recently securing our MiCAR license in Austria represents our commitment and major focus in 2025 to bring compliant, innovative crypto services to European users. Today’s launch with XION, a blockchain focused on mainstream adoption of crypto, demonstrates how regulation can accelerate rather than hinder innovation, and perfectly aligns with our European expansion strategy.” – Mazurka Zeng, CEO of Bybit EU.
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