Bybit will terminate its withdrawal and custody services in France starting January 8, 2025.

According to Wu, Bybit announced that it will terminate its withdrawal and custody services in France starting January 8, 2025. After January 8, 2025, users with asset values of 10 USDC or below will incur a fee of 10 USDC and have their accounts closed. For users with assets exceeding 10 USDC, Bybit will initiate the transfer of any remaining funds to Coinhouse (a regulated French crypto asset platform), and subsequent withdrawals will need to be processed through their platform.