Bybit Plans to Launch ‘MyBank’ with Global Expansion
- Bybit aims to introduce “MyBank” for fiat accounts in 2026.
- CEO Ben Zhou drives global expansion, eyeing U.S. markets.
- Service to partner with Pave Bank, pending regulatory approval.
Bybit, overseen by CEO Ben Zhou, intends to introduce ‘MyBank’ for personal IBAN accounts in February 2026, targeting regulatory approval for U.S. expansion, following a Bloomberg interview.
The move positions Bybit to enhance its global appeal and compete with neobanks by integrating broader fiat and crypto services, indicating potential market shifts in the banking-crypto convergence.
Bybit, led by CEO Ben Zhou, announced its plan to introduce “MyBank” by February 2026. The intention is to provide users with personal IBAN accounts for seamless fiat deposits and withdrawals in collaboration with banking partners like Pave Bank.
The platform will offer services in up to 18 fiat currencies, facilitating fiat-to-crypto conversions. The move supports Bybit’s goal of expanding its global reach, particularly with potential market entry in the U.S. under consideration.
“Our goal is to provide seamless integration of fiat and crypto services, allowing users to manage their finances effortlessly,” said Ben Zhou, CEO of Bybit. Bybit unveils 2026 vision as the new financial platform expanding beyond exchange into global financial infrastructure.
The introduction of “MyBank” is poised to impact both the crypto and traditional finance sectors by merging them further. Bybit’s initiative could set a benchmark for other crypto exchanges considering similar services.
Financial implications include expanded fiat currency support, allowing users to diversify their holdings, including assets like BTC and ETH. There is a notable emphasis on regulatory compliance to ensure future U.S. operations.
With compliance pending, possible regulatory and technological outcomes include increased scrutiny and the adoption of advanced security measures. Such changes could innovate exchange offerings, reflecting a growing intersection of finance and technology. The broader market may observe increased competition in fiat-crypto integration.
