Bybit is adding bank accounts to its crypto platform with eye on U.S. expansion: Bloomberg

Crypto Exchange Bybit to Become More Bank-Like With New Accounts

Bybit is adding bank accounts to its crypto platform with eye on U.S. expansion: Bloomberg

The exchange is working with local banks like Pave Bank to enable fiat-to-crypto conversions and encourage digital asset adoption.

Bybit Set to Launch Banking Accounts With IBANs in February

Key Insights: Crypto exchange Bybit plans a move into the traditional banking space, in partnership with Pave Bank. CEO Ben Zhou said the move marks a major expansion beyond crypto, along with Bybit’s existing offerings. Bybit plans an institutional custody product focused on real-world asset tokenization, with further plans for US expansion. In a major shift, crypto exchange Bybit is planning to expand beyond cryptocurrencies while launching b…

Bybit Makes Major Push Into Retail Banking With IBAN Account Launch

Bybit is planning to release a new retail banking service that will allow users operate their personal bank accounts directly on its platform.The crypto exchange has announced that it will launch a new product called “My Bank powered by Bybit” starting in February. The new service option was announced during a live online keynote on Thursday and it marks a major step in Bybit’s effort to become more like a traditional bank. According to the CEO …

Bybit to Launch 'My Bank' Feature for IBAN Fiat-Crypto Transfers in February

The “retail banking product” aims to eliminate the friction that consumers experience when trying to send funds to crypto exchanges.

Bybit to Launch “MyBank” Accounts, Expanding Into Banking Services

Bybit plans to launch MyBank accounts in February, pending final regulatory approvals. MyBank lets users hold USD and move funds across 18 fiat currencies. Users receive personal IBANs, reducing reliance on external banks for transfers. Crypto exchange Bybit is moving closer to traditional finance. The platform has announced plans to launch MyBank, a new account service that will allow users to hold U.S. dollars and other fiat currencies directl…