TL;DR
- Bybit will launch retail accounts with personal IBANs in February 2026, enabling deposits, withdrawals, and transfers in up to 18 currencies.
- Users will be able to use “MyBank” to receive salaries, pay bills, and instantly convert fiat into crypto under their own name.
- The platform integrates banking partners such as QNB, DMZ Finance, and Pave Bank. It also offers a crypto debit card with cashback and a peer-to-peer marketplace.
Bybit will launch retail bank accounts with personal IBANs in February 2026. The platform will allow users to hold fiat currencies such as U.S. dollars and British pounds directly in their accounts and make transfers in up to 18 currencies. The activation of the services depends on final regulatory approvals.
Bybit “MyBank”
The new product, called “MyBank,” will provide immediate access to accounts after completing KYC verification. Users will be able to deposit and withdraw fiat, receive salaries, pay bills, and trade cryptocurrencies under their own name. The accounts will allow instant fiat-to-crypto conversions without external intermediaries.
Bybit is working with several entities to provide banking infrastructure. Partners include Qatar National Bank (QNB), DMZ Finance, and the startup Pave Bank, licensed in Georgia, Eastern Europe. The platform already supports direct fiat deposits and withdrawals via bank transfers and has enabled real-time local payments in certain regions, including AED transfers in the United Arab Emirates.
Debit Card with 10% Cashback
In addition to IBAN accounts, Bybit offers a crypto debit card that allows users to spend cryptocurrencies in everyday transactions with up to 10% cashback. The platform also maintains a peer-to-peer marketplace that facilitates crypto buying and selling via local bank transfers. These features cover deposits, withdrawals, conversions, and spending within a single ecosystem.
The service will allow users to send and receive funds from traditional banks as if it were a conventional bank account. Direct deposits from external accounts will be available for payments and transfers, including everyday transactions and larger-scale payments.
Bybit reported that the multi-currency feature will be available from the start, but full transfer functionality will depend on final regulatory approvals.
With these updates, the exchange will integrate traditional banking operations and crypto services on a single platform, offering deposits, withdrawals, conversions, and payments under users’ real names while accessing all types of services
