So we all knows bout MiCA wiping out 80% of crypto firms in Europe. yeah that's big. but there is somethin else:
bybit now has two separate order books. one for europe, one for the rest of the world. different liquidity, different tokens, different everything.
so if your token was listed on bybit before july 1st - congrats on the listing, but you probably just lost your entire european audience without anyone telling you. they're LITERALLY on a different platform now.
europe isn't a small market, so it's not really cool to lose this aaudience. that's a real chunk of retail volume just gone.
most teams have no clue this happened yet. gonna be some awkward conversations soon lol.
Source:
[https://financefeeds.com/bybit-begins-limiting-global-platform-services-for-eea-users-amid-mica-alignment/](https://financefeeds.com/bybit-begins-limiting-global-platform-services-for-eea-users-amid-mica-alignment/)
P.s I'm a market maker(NO SELF PROMO!!!) so i'm cuiouse to see you opinion