Bybit plans multi-currency MyBank accounts as it pushes deeper into everyday finance

Crypto exchanges have spent the last two years racing to add the features people use every day, from cards to payouts to savings tools. The idea is that if users already keep assets on an exchange, they should be able to pay bills and move cash without hopping between multiple apps.

Bybit is the latest platform trying to turn that idea into a single product. In an interview cited by Bloomberg, CEO Ben Zhou said the Dubai-based exchange is working on MyBank accounts that would let customers keep balances in U.S. dollars and 17 other fiat currencies, then send and receive funds using an International Bank Account Number, or IBAN. The target timeline is February, though Zhou said the rollout depends on regulatory approvals. 

The accounts are being built with banking partners, including Pave Bank, according to the same report. The goal is to make fiat rails feel native inside Bybit, rather than an add-on that only shows up when a user wants to cash out. That matters for users who trade in crypto, settle in stablecoins, and still need a familiar on-ramp for rent, salaries, or business payments.

Zhou also said Bybit is evaluating a move into the United States, describing it as an option that would require a licensed partner. The company already serves customers across more than 200 jurisdictions and works with roughly 2,000 banks to support payments and access, he said.

Alongside the retail push, Bybit is preparing a custody product aimed at institutions. Zhou said it is expected to support banks and other large firms that are working on tokenizing real-world assets, a theme that has moved from pilot projects into mainstream strategy discussions.

If MyBank ships on schedule, it would put Bybit in more direct competition with finance-first apps such as Revolut and trading platforms such as Robinhood, with crypto remaining the core while the banking layer keeps getting thicker.