Is Bybit legit in US?

Are you considering using Bybit for your cryptocurrency trading needs, but unsure if it's legitimate in the United States? It's a valid concern, as the legality of cryptocurrency exchanges can vary greatly depending on the jurisdiction. Let's delve into the question and see what we can uncover about Bybit's legitimacy in the US. Firstly, it's important to note that Bybit is a popular cryptocurrency derivatives exchange that offers a range of trading products, including perpetual swaps, futures, and options. While Bybit has a strong global presence, its legality in the US can be a bit murky. In general, cryptocurrency exchanges must comply with a range of regulations in order to operate legally in the US. These regulations are designed to protect investors and prevent fraud, money laundering, and other illegal activities. However, Bybit is not currently registered with any US regulatory bodies, such as the Commodity Futures Trading Commission (CFTC) or the Securities and Exchange Commission (SEC). This means that Bybit is not authorized to offer its services to US residents, and doing so would be in violation of US laws. So, to answer your question, Bybit is not legitimate in the US in the sense that it is not authorized to operate there. If you are a US resident, you should avoid using Bybit and instead look for a cryptocurrency exchange that is registered and compliant with US regulations. That being said, it's important to note that the cryptocurrency industry is constantly evolving, and the legal landscape can change rapidly. If you have any doubts about the legality of a particular exchange, it's always a good idea to do your own research and consult with a qualified legal professional.