Is Bybit exchange permissible for use in the United Kingdom?

Yes, Bybit exchange is indeed accessible for users in the United Kingdom. However, UK residents need to be aware that as of January 2021, the Financial Conduct Authority (FCA) has banned the sale of cryptocurrency derivatives and exchange-traded notes (ETNs) to retail consumers. This means that while traders from the UK can access Bybit's services, they are not legally allowed to trade derivatives on any platform. It's important for potential users to conduct due diligence and seek independent financial advice before engaging with the platform to ensure compliance with local regulations. Regular changes in regulation also necessitate a vigilant approach to staying informed about the current legal status of such exchanges.