Bybit plans to launch a retail banking product called My Bank in February, giving users personal IBAN accounts to move fiat funds seamlessly between banks and crypto markets.
The feature, unveiled by chief executive Ben Zhou during a keynote outlining Bybit’s 2026 priorities, will allow users who complete KYC checks to send and receive multiple fiat currencies, pay bills and trade digital assets from one account.
“You can actually make a fiat deposit to Bybit directly from your bank account under your own name,”
Zhou said, adding that from a bank’s perspective it is simply “a transfer to your own bank account”.
“My Bank is designed to bypass restrictions imposed by some traditional banks on crypto transactions and to ease access for unbanked and underbanked users globally”,
Zhou said.
“You can even use this to buy a car, to pay for an apartment and things like that, no hassle,”
He said, arguing the product removes common frictions in fiat-to-crypto on-ramps.
Bybit said it is working with multiple banking partners on the rollout, marking one of the first cases of a crypto-native exchange offering traditional banking-style services.
The launch comes as Bybit pursues global expansion after a $1.4 billion hack last year linked to North Korean cybercriminals, an incident the exchange said did not disrupt customer withdrawals.