Bybit will focus on expanding its banking services.

Bybit Enters the Crypto Banking Market with ‘MyBank’ Service

Bybit is preparing to add a new service to its cryptocurrency platform. The company will offer users the ability to hold and transfer 18 different fiat currencies using IBAN under the name 'MyBank'. This move will strengthen Bybit's position in the crypto neobank market.

Bybit aims to enable instant fiat-to-crypto conversions by collaborating with local banks such as Pave Bank. This system, designed to allow users to seamlessly access digital assets, will significantly simplify the transaction experience.

The company also has international expansion plans. Bybit is actively seeking a licensed partnership for its future entry into the U.S. market as it works towards achieving this goal.