Coinspeaker
3 hours ago
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BULLISH 📈 : Bybit to Launch Retail Banking Services by February

Dubai-based cryptocurrency exchange Bybit plans to introduce retail banking services by February, offering accounts that can hold balances in USD and other fiat currencies through partnerships with banks.

Key Developments:

  • Bybit Banking Services: The new service, "My Bank powered by Bybit," will include account features with FX capabilities, supported by partner banks like Pave Bank.
  • Accounts will have an International Bank Account Number (IBAN), enabling transactions in up to 18 currencies. Users must complete KYC verification to access these services.
  • The launch is pending regulatory approvals, marking a recovery from a previous $1.4 million hack.

Operational Expansion:

  • In December 2025, Bybit re-entered the UK market, ensuring compliance with the Financial Conduct Authority (FCA) standards, supported by FCA-authorized firm Archax.
  • Offers access to spot trading on 100 pairs and P2P trading with deep global liquidity.
  • Expanded USDC services in partnership with Circle, enhancing liquidity across its platform, including Bybit Card, Bybit Earn, and Bybit Savings.