Bybit, one of the world’s largest cryptocurrency exchanges, is set to enter the retail banking space with the launch of “MyBank” accounts in February 2026.
Sponsored
The firm plans to launch “MyBank” accounts that will allow users to hold balances in U.S. dollars and other fiat currencies, signaling a shift toward a more bank-like model.
Bank Accounts With Real-World Functionality
According to Bybit CEO Ben Zhou, the accounts will feature International Bank Account Numbers (IBANs), enabling users to transfer funds in and out across 18 different currencies, bridging the gap between crypto and traditional finance.
Bybit is partnering with established institutions, including Qatar National Bank (QNB) and DMZ Finance, and may expand collaborations to banks like Pave Bank, licensed in Georgia, an Eastern European country. Exact details of operations and launch markets are still subject to regulatory approvals.
The new accounts are expected to go live in February 2026, though their rollout is contingent on regulatory approvals. Accounts will initially support U.S. dollars, with multi-currency support expected in the future.
Customers who pass standard Know Your Customer (KYC) checks will be able to deposit and withdraw fiat, pay bills, receive salaries, and trade cryptocurrencies—all under their legal names.
Bybit has framed the initiative as a way to provide its customers with greater flexibility and convenience, combining crypto trading capabilities with banking-like services.
This move highlights a broader trend in the crypto industry, where exchanges are increasingly seeking to integrate fiat banking services to attract mainstream users and enhance legitimacy.
Why This Matters
Bybit’s move into banking-style accounts represents a significant shift in the crypto industry toward combining crypto trading with traditional banking. For users, this provides easier and more seamless access to both fiat and cryptocurrencies within a single platform, reflecting the growing demand for integrated financial solutions.
Dig into DailyCoin’s popular crypto scoops today:
Strive Breaks Into Top 10 Bitcoin Treasuries After Major Debt Cleanup
Ripple Treasury Pushes Into RWAs and Stablecoins as DC Eyes Market Rules
People Also Ask:
It’s an account that combines traditional banking features, like holding fiat money and transferring funds, with the ability to trade cryptocurrencies.
MyBank is Bybit’s upcoming retail banking service, combining traditional bank account features with access to cryptocurrency trading.
Users can hold fiat balances, transfer funds via IBANs, deposit and withdraw money, pay bills, receive salaries, and trade cryptocurrencies.
The goal is to provide greater flexibility and convenience, bridging traditional banking with crypto services for mainstream users.
