Bybit to launch retail bank accounts with personal IBANs in February

Crypto exchange Bybit said its new “My Bank” accounts will give users personal IBANs, instant fiat access, multi-currency transfers and crypto trading under their own name.

Bybit, one of the world’s biggest crypto exchanges by trading volume, plans to launch retail banking services on its platform starting in February, the company said Thursday.

Bybit unveiled the product, “My Bank powered by Bybit,” during a live online keynote on Thursday.

Bybit CEO Ben Zhou said the service will provide users with a personal IBAN (international bank account number), allowing them to send and receive funds across banks in multiple currencies, starting with the US dollar.

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