Bybit plans to launch a bank account-like service, supporting transfers into 18 fiat currencies and cryptocurrency exchanges.

This article is machine translated
Show original

According to a Foresight News report, cryptocurrency exchange Bybit plans to offer banking-like services by launching accounts that support fiat currency balances such as the US dollar. Bybit CEO Ben Zhou stated that the exchange will partner with institutions such as Georgian licensed bank Pave Bank to launch "MyBank" accounts. These accounts will have International Bank Accounts (IBANs), supporting transfers in and out of 18 currencies, and are expected to launch in February 2026. At that time, users can directly convert incoming fiat currency into cryptocurrency. In addition, Bybit plans to launch new custody products for institutional investors to support the tokenization of Real-World Assets (RWAs). Ben Zhou also revealed that Bybit is exploring a move into the US market and considers a US listing a long-term goal, currently in discussions with major banks regarding potential advisory work.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments