[SINGAPORE] Bybit, one of the world’s largest cryptocurrency exchanges, was added to the Monetary Authority of Singapore’s (MAS) investor alert list on June 17, the latest unlicensed exchange to be included.

No reason was specified for the inclusion, although the list warns individuals that firms named are not regulated nor licensed to provide financial services in Singapore.

The cryptocurrency exchange, which according to its website has more than 85 million users and a daily average trading volume surpassing US$20 billion (S$25.8 billion), said in a June 18 post on X that it is aware of the listing and is engaging with MAS to understand the reason behind it.

It added that it does not offer services to users in Singapore and has been…