💣 Crypto exchange Bybit moves toward a neobank model and launches bank accounts for clients

Morgan Ellis

💣 Crypto exchange Bybit moves toward a neobank model and launches bank accounts for clients

This is not a pilot initiative: MyBank accounts will be issued with an international IBAN bank number.

🔣 Accounts will allow users to hold fiat currencies with partner banks, including the Georgian fintech startup Pave Bank🇬🇪.

🔣 Users will have access to 18 traditional currencies, including US dollars and euros, making the accounts multicurrency.

🔣 The service is expected to become available in February 2026, subject to the absence of regulatory obstacles.

🔣 Context: Bybit currently serves more than 81 million users across 200 countries. At the same time, asset inflows to the exchange increased from 1.3 billion USD in the third quarter of 2025 to 2.88 billion USD in the fourth quarter.

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