Bybit to Launch MyBank Accounts With Personal IBANs in February

Highlights:

• Bybit will launch “My Bank” in February, which offers users broader daily banking access.
• The new service will allow users to hold, send, and receive fiat money in up to 18 currencies after KYC. 
• Bybit is working with Qatar National Bank, DMZ Finance, and Pave Bank to support the banking rollout.

Bybit, one of the largest cryptocurrency exchanges by trading volume, plans to start retail banking services in February. The announcement came on Thursday during a live online keynote. The new service is named “My Bank powered by Bybit.” The goal focuses on daily financial use and wider access to banking features.

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Bybit Moves Beyond Trading with Retail Banking Plan

Retail banking now stands as a key step in expanding beyond crypto trading. During the keynote, chief executive officer Ben Zhou confirmed that users will receive a personal international bank account number. Each account will support sending and receiving money across banks. Multiple currencies will be available, while United States dollar transfers will be active at launch.

Access to the banking service will depend on Know Your Customer verification. After verification ends, account access will be granted immediately. Users will be able to deposit government-issued money, receive salaries, pay bills, and trade crypto. All activity will remain under a personal name. Bybit is working with banks for the launch. Qatar National Bank and DMZ Finance are partners, and Bybit also works with Pave Bank in Georgia.

The banking service is expected to support transfers in up to 18 currencies. Final availability depends on regulatory approval in each region. Ben Zhou explained the purpose of the service during the event. “This product will eliminate a lot of difficulties and challenges you see today,” Zhou said. He also added, “To the bank, they’re simply doing a transfer to your own bank account. You can even use this to buy a car, pay for an apartment, and things like that — no hassle.”

Many crypto users face delays and added costs when moving money. Traditional deposits and withdrawals usually rely on third-party providers. Such systems often create extra steps and slow processing times. Bybit aims to reduce reliance on external payment services through direct bank access. The launch in February is an indication that there is a move to address long-standing issues that users have been raising. Direct fiat deposits may be an improvement in terms of speed and transparency. However, the regulatory environment will still be tough as crypto companies venture into banking.

Bybit Launches Mastercard Crypto Card in Georgia

Recently, Bybit introduced a payment card in Georgia. The card allows residents to spend digital currency at any merchant accepting Mastercard. The rollout marks a clear move toward linking cryptocurrency with daily financial use.

Bybit Expands Payment Solutions With Launch of Bybit Card in Georgiahttps://t.co/GLfkhCa4sj

— Chainwire (@ChainwirePR) January 28, 2026

The card is designed to work globally wherever Mastercard is accepted, although regional rules and restrictions apply. Bybit said the launch supports a wider plan to bring crypto into everyday spending. The company already provides other payment services in Georgia. However, the card is expected to increase usage and visibility across the region.

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