Bybit Sets Deadline for Brazilian Business Users to Complete Verification

Bybit has given some Brazilian business users until August 21 to complete additional verification. This deadline only applies to those who received a request to supplement their existing Business Verification information, which Bybit began sending in-app and by email from August 1.

Accounts that miss this deadline will first face access restrictions, preventing them from opening or adding positions or accessing Bybit products and services, except for crypto withdrawals and the Convert feature. Later, on September 21, remaining open positions on restricted products will be forcibly liquidated at market prices, and unsupported fiat balances will be automatically converted to USDT.

The migration of eligible users to a Brazil-based entity is scheduled for September 24. This new entity will offer only products permitted under Brazilian rules, with fiat services supporting only the Brazilian real (BRL).