Bybit, the world's second-largest cryptocurrency exchange by trading volume, announced its collaboration with Taxbit, a leading provider of digital asset tax and accounting solutions, to enhance its global tax compliance capabilities under the Crypto-Asset Reporting Framework (CARF) and the EU's DAC8 directive.

This partnership reflects Bybit's ongoing efforts to build a compliance-driven and user-friendly trading environment as global tax regulations evolve. Through Taxbit's industry-leading infrastructure, Bybit will enable automated CARF-compliant tax information reporting related to its users — including entities under Bybit EU and Bybit Global — ensuring adherence to regulatory requirements across more than 70 jurisdictions around the globe.

"At Bybit, compliance and transparency are at the heart of how we operate," said Robert MacDonald, Chief Legal and Compliance Officer of Bybit. "Partnering with Taxbit allows us to meet new international tax standards while making the process as seamless as possible for our users. This collaboration ensures our community can trade confidently, knowing that we at Bybit take safety and customer compliance seriously."

With this integration, Bybit users will enjoy seamless compliance with global requirements, minimizing manual effort, reducing reporting errors, and providing users confidence to trade with ease. Importantly, users do not need to take any additional steps to enjoy these benefits beyond providing basic onboarding information. Once activated, the process operates in the background, allowing users to focus on trading while remaining compliant.

Bybit has chosen Taxbit to support its CARF and DAC8 rollout, recognizing its strong track record and expertise in crypto tax automation for both institutional and retail clients.