Bybit announces the launch of “My Bank powered by Bybit,” a retail banking service providing personal IBAN accounts for USD and 17 currencies, with regulatory-dependent rollout expected in February 2026.
This initiative enhances Bybit’s crypto-fiat integration, potentially expanding its U.S. market presence and bridging gaps between traditional banking and cryptocurrency trading.
Bybit is launching My Bank powered by Bybit in February 2026, enabling personal IBAN accounts for fiat holding and transferring, pending regulatory approvals. The service will initially support USD and up to 17 other currencies.
Bybit partners with Pave Bank in Georgia to integrate fiat banking with its crypto trading platform. The initiative is led by Ben Zhou, CEO of Bybit, aiming for eventual U.S. market entry and enhanced global presence. Salim Dhanani, CEO & Co-Founder of Pave Bank, remarked, “Pave Bank is proud to support this initiative by enabling compliant banking infrastructure and payments connectivity.”
Bybit to Offer 18-Currency IBAN Accounts
Bybit is launching “My Bank powered by Bybit” in February 2026, enabling personal IBAN accounts for fiat holding and transferring, pending regulatory approvals. The service will initially support USD and up to 17 other currencies.
Bybit partners with Pave Bank in Georgia to integrate fiat banking with its crypto trading platform. The initiative is led by Ben Zhou, CEO of Bybit, aiming for eventual U.S. market entry and enhanced global presence. Salim Dhanani, CEO & Co-Founder of Pave Bank, remarked, “Pave Bank is proud to support this initiative by enabling compliant banking infrastructure and payments connectivity.”
Regulatory Challenges as Bybit Expands Market Reach
Ben Zhou’s leadership aims to bridge fiat and crypto, expanding Bybit’s market reach. Regional managers express enthusiasm, signaling Bybit’s plan for strong financial integration amidst regulatory challenges.
Experts observe potential for financial and regulatory impacts on both traditional and crypto markets. The collaboration with banks like Qatar National Bank addresses compliance needs, positioning Bybit for potential success in broader markets. Keeta Network’s Bank Acquisition Plans
Bybit’s Past Innovations Set Stage for Banking Entry
No previous Bybit bank accounts exist, yet past Bybit Card launches highlight precedents for crypto integration. Bybit’s journey reflects a continuing focus on financial access points. Recent initiatives indicate steady advancements towards holistic service offerings.
Data from Kanalcoin suggest favorable outcomes if Bybit capitalizes on USDT-based products. This could serve as a catalyst for user adoption and offer new opportunities for leveraging digital finance, aligning with broader industry trends.
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