Important Update for Users in Brazil

At Bybit, we remain committed to operating in full compliance with applicable laws and regulations. In line with Brazil’s new regulatory framework, eligible Brazilian residents and companies will be migrated to a local Bybit entity in Brazil.

To help ensure a smooth transition and confirm your eligibility, affected users will be required to complete Identity Verification Level 2, and/or update their existing Identity Verification information where necessary.

This transition is intended to ensure that Brazilian users continue to have access to products and services that comply with local regulatory requirements. As part of this process, we will gradually limit access to products that are not compliant with the applicable local framework. After migration, your main account, regulated by the local entity, will only offer products approved under Brazil’s regulatory requirements.

Key Dates to Note

June 25, 2026

• Mandatory Identity Verification Level 2 (Proof of address) will be required for Brazil users who have not yet completed Identity Verification Level 2.

• Brazilian nationals with proof of address outside Brazil will not be subject to these regulatory actions and may continue accessing their accounts as usual. No changes will be made to their accounts.

• Users who completed Identity Verification using a passport must submit a new eligible identity document. From this date onward, the eligible identity documents for Brazilian residents will be limited to identity cards, driving licenses, and residence permits.

• Existing Enterprise Users (KYB) users must submit any updated documentation requested through official Bybit communications.

July 10, 2026

• Enterprise Users (KYB) users who are required to provide additional documentation must complete their submission by this date.

July 20, 2026

For Non-Compliant Users:

• Users who have not completed the required Identity Verification steps or submitted the requested documents will be restricted to Close-Only mode. This means they will not be able to open new positions or purchase any products.

• This restriction will apply across all Bybit products and services, including but not limited to One-Click Buy, Bybit Card, P2P, Spot products, Derivatives products, Copy Trading, Trading Bot, Bybit Earn, and Bybit Structured Products.

For Compliant Users:

• Brazilian residents and Enterprise Users (KYB) who have completed the required Identity Verification steps will have their access to non-compliant products restricted to Close-Only mode. Access to all compliant products and services will remain unchanged, and users may continue trading as usual.

• Under the local Bybit entity in Brazil, fiat services will support BRL only. Other fiat currencies will no longer be supported.

• Please refer to the attached table for more information on the restricted products.

September 21, 2026

• Any restricted open positions that have not been closed by this date will be force-liquidated at prevailing market prices.

• Any unsupported fiat assets that have not been converted by the user will be automatically converted to USDT.

• Any non compliant coupons and bonuses will be forfeited.

September 24, 2026

• Eligible Brazilian residents and Enterprise Users (KYB) will be officially migrated to the local Bybit entity in Brazil. Your main account will become your Standard Account under the local entity.

If you have any questions or concerns, please contact our Customer Support team via [this form](https://www.bybit.com/en/help-center/s/webform).

We apologize for any inconvenience this may cause and appreciate your cooperation throughout this process.

Thank you for your continued support.