Bybit Merges Banking and Crypto With New “My Bank” Service

Crypto News Exchanges

Written by Aaron S.,

Editor-In-Chief

Last Updated: January 29, 2026

Key Takeaways

Bybit will launch “My Bank powered by Bybit” in February, which will let verified users open personal accounts with their own IBAN;
The new feature allows deposits, payments, salary transfers, and crypto trading from one account after KYC verification;
Partnering with QNB, DMZ Finance, and Pave Bank, Bybit plans up to 18 supported currencies to link banking and crypto.

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Bybit Merges Banking and Crypto With New “My Bank” Service

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Bybit $3.41B will begin offering retail banking features in February, which will allow verified users to open personal accounts through its new service, "My Bank powered by Bybit".

The announcement was made during an online keynote on January 29.

The upcoming feature gives each user a personal IBAN (International Bank Account Number), which allows money transfers between banks in several currencies. US dollar transactions will be available first.

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After completing KYC verification, customers will instantly receive access to their account. They will be able to deposit funds, receive salaries, pay bills, and trade crypto directly from the same account under their name.

Bybit is collaborating with Qatar National Bank (QNB) and DMZ Finance to continue their partnership on tokenized asset projects, which began in September 2025. The company is also working with Pave Bank, a licensed lender based in Georgia.

The new service aims to simplify how users move money between traditional banks and crypto platforms. Transfers in up to 18 currencies are planned, pending regulatory clearance.

Bybit’s CEO, Ben Zhou, explained that the service is designed to eliminate unnecessary steps in transferring funds between bank accounts and crypto accounts.

He added that users could handle everyday payments, such as rent or car purchases, directly through their Bybit-linked accounts.

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