Bybit EU launches the first mica-compliant Launchpool using Xion

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BYBIT’s first LaunchPool on EU exchanges is now available in collaboration with Xion.

summary

XION and Bibit Partners launch mica-compliant staking pool in EU exchange
The reward pool is worth around $110,000, with Xion Stakers’ APR at the highest
Exchanges make these rewards available to users in the European economy

Crypto exchanges are adapting quickly to increase clarity in European regulations. On Thursday, August 14th, the BYBIT EU launched its first LaunchPool, a rewards programme in collaboration with the XION project.

Specifically, LaunchPool allows users to lock certain tokens and bet for a certain period of time to earn rewards. The pool size is 100,000 XION, which is worth around $110,000. Users can bet XION token, Mantle (MNT), and USDC Stablecoin.

“Currently, Europe is the proof foundation for regulated digital assets, and together with the BYBIT EU, we are setting a precedent for how mainstream audiences can discover and engage blockchain technology in a safe and intuitive way.”

Xion Tokens generates 60% APR, Mantle generates 36% APR, and USDC generates 24% APR. In particular, APR is proportional to risk. This is because the underlying assets can lose value during lockup.

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Bibit adapts to changes in EU regulations

On July 1, BYBIT cut its EU-focused platform. This complies with EU MICA regulations. According to the exchange, MICA regulations provide much needed regulatory clarity for businesses to expand in this market.

“The recent protection of micromica licenses in Austria represents our commitment and key focus in 2025 to bring innovative crypto services compliant with European users. Today’s launch at Xion is a blockchain focused on mainstream adoption of crypto, showing how regulations accelerate rather than hinder innovation, perfectly in line with European expansion strategies.” – Bybit EU CEO Mazurka Zeng.

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