Due to the latest policy from Indian regulatory authorities, Bybit will temporarily restrict all transactions and product usage by Indian users on the platform starting from 8 AM UTC on January 12, 2025, with the only exception being the withdrawal function, which can still be used normally.
The specific impacts include:
• Trading and deposits: All cryptocurrency and fiat trading products will cease new orders, and existing derivative positions will be adjusted to a "close only" mode, with no ability to add or modify positions. The deposit function of cryptocurrencies and fiat currencies will also be temporarily suspended.
Copy trading and trading robots: All master slave relationships and trading robots involved in copy trading will terminate before 5 AM UTC on January 13th.
P2P advertising: All ads priced in Indian Rupees (INR) will be removed on January 12th at 8 AM UTC.
Bybit stated that it will continue to be committed to complying with relevant regulations, providing compliant services to users, and offering convenient withdrawal channels for affected users.
