Crypto exchange Bybit is preparing to launch its own banking service, MyBank, allowing users to hold and transfer fiat currencies using personal IBANs starting next month.
The service will support 18 fiat currencies and operate through licensed banking partners. Bybit aims to simplify the transition from traditional money to crypto by enabling instant conversion once funds are deposited.
Unlike platforms that added crypto after building banking services, Bybit is putting crypto at the center. It is integrating MyBank with Bybit Pay so users can manage fiat and digital assets in one place without delays.
The exchange has also rolled out the Bybit Card in Georgia, letting users spend crypto anywhere Mastercard is accepted. The card supports multiple cryptocurrencies and offers instant virtual access.
Bybit’s expansion comes amid tighter regulations. The exchange recently re-entered the UK under a compliant structure and is adjusting operations in Japan to meet local requirements.
CEO Ben Zhou said Bybit plans to enter the US only through a licensed partner, as it continues expanding globally.
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