Bybit EU has partnered with Nasdaq to deploy its market surveillance technology in a move designed to reinforce compliance with the European Union’s crypto regulations.
The exchange, the European branch of the world’s second-largest cryptocurrency platform by trading volume, stated that the technology will aid in the prevention and detection of market abuse as the bloc implements its Markets in Crypto-Assets Regulation (MiCAR). The guidelines require exchanges to implement stricter monitoring and reporting procedures.
The Nasdaq Market Surveillance technology combines effective pattern analysis with access to extensive market data. Its modular architecture enables exchanges to respond swiftly to evolving local obligations.
Mazurka Zeng, Managing Director and CEO of Bybit EU stated: “This agreement demonstrates our commitment to providing secure, transparent, and fully compliant digital asset trading as we continue to grow our business. We welcome the opportunity to partner with Nasdaq, whose innovative technology and unparalleled surveillance expertise, help safeguard the resilience and integrity of our marketplace.”
Furthermore, the agreement comes as EU regulators advocate for stronger investor safeguards in cryptocurrency, bringing norms closer to those in traditional finance.
Ed Probst, Head of Regulatory Technology at Nasdaq added: “MiCAR is driving a step change in investor protection across digital asset markets, but many compliance programmes are still failing to match the level of investor protection offered by traditional markets. We welcome the opportunity to partner with Bybit EU, who recognise the benefits of incorporating comprehensive market data into its surveillance framework to protect against critical threat scenarios. We look forward to building on this relationship and remain committed to advancing trust and resilience across the digital asset ecosystem.”
More than 50 exchanges and 20 regulators across the world currently use Nasdaq Market Surveillance. The platform offers crypto-specific capabilities such as real-time monitoring of over 60 billion transactions per day, order book replay, and tools for detecting manipulation tactics including spoofing, layering, and cross-market misuse.
The technology, which is supplied as a SaaS service, has audit, reporting, and case management capabilities to help compliance teams. Nasdaq claims that its decades of experience and ongoing investment in infrastructure ensure that the system changes in response to new regulatory demands.
For Bybit EU, the partnership is intended not only to meet MiCAR requirements but also to build trust with investors at a time when regulators are scrutinising crypto markets more closely than ever.
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