Bybit to Launch Retail Banking Services With “MyBank” Accounts in February

The post Bybit to Launch Retail Banking Services With “MyBank” Accounts in February appeared first on Coinpedia Fintech News

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced plans to launch retail banking services under a new product called “MyBank powered by Bybit,” which is expected to go live in February 2026, pending regulatory approvals.

Bybit to Launch Retail Banking With “MyBank”

During a recent livestream, Bybit CEO Ben Zhou revealed a plan to launch a new product called “MyBank powered by Bybit.” 

Zhou said that new MyBank accounts will allow users to hold U.S. dollars and other fiat currencies, not just cryptocurrencies. 

Once funds like dollars or pounds hit a user’s account, they can immediately choose whether to keep it as cash or move it into crypto. This direct link between banking and crypto is seen as a major upgrade for everyday users.

This marks a clear shift in Bybit’s strategy, as it moves closer to offering full financial services rather than only trading tools.