MyBank is a planned neobanking service announced on January 29, 2026, by the cryptocurrency exchange Bybit. The service, described as a "retail banking product," is designed to integrate traditional banking functionalities, such as fiat currency accounts and International Bank Account Numbers (IBANs), directly into the Bybit platform for users who complete Know Your Customer (KYC) checks. It represents a key component of Bybit's strategic pivot to expand beyond a crypto-centric exchange into a comprehensive global financial platform. The launch of MyBank is scheduled for February 2026 ^{[1] [2] [4]}

Overview

MyBank is the retail banking component of Bybit's "2026 Vision," a strategic initiative to become what the company calls "The New Financial Platform." The service aims to bridge the gap between traditional finance (TradFi) and the digital asset economy by providing users with seamless on-ramps and off-ramps for fiat currencies. This integration allows for holding, sending, and receiving traditional money—including salaries and bill payments—through the global banking system from within a crypto-native environment. ^{[1] [3] [4]}​

The initiative positions Bybit to compete with emerging crypto neobanks and established financial technology firms. Bybit's approach is a reversal of the model seen in companies like Revolut or Robinhood, which began with traditional financial services before incorporating cryptocurrencies. As a crypto-native firm, Bybit is adding traditional banking features to its existing infrastructure. The stated mission of MyBank is to promote financial inclusion by providing modern financial tools to underserved populations, particularly the estimated 1.4 billion people globally who lack access to reliable banking. The project operates under the motto "Retail Banking Without Borders." ^{[1] [2] [4]}

History

MyBank was officially unveiled on January 29, 2026, by Bybit's co-founder and CEO, Ben Zhou, during a keynote presentation on the company's priorities for the year. The announcement detailed the service as a cornerstone of the company's long-term goal of becoming a key part of global financial infrastructure. The planned launch for the service was set for the following month, February 2026, pending the completion of all regulatory requirements.^{[2] [1] [4]}​

Services and Features

MyBank is designed to offer a suite of services that integrate crypto liquidity with traditional banking rails, aiming to provide a user experience and security level comparable to established banking institutions. According to CEO Ben Zhou, the account is intended to be robust enough for major transactions, stating, "You can even use this to buy a car, to pay for an apartment and things like that, no hassle.” ^{[2] [4]}

Key features planned for the launch include:

• Dedicated Fiat Accounts: Users will be able to hold and manage dedicated accounts for fiat currencies, designed to function like traditional bank accounts for everyday activities such as receiving salaries, paying bills, and making large-value transfers. ^{[2] [4]}
• Multi-Currency Support: The service is planned to support 18 different fiat currencies, including major global currencies such as the U.S. dollar and the euro. ^[1]
• IBAN Access: Each account, available to KYC-verified users, will be equipped with a personal International Bank Account Number (IBAN), enabling users to send and receive funds globally through traditional banking networks. ^{[1] [3] [4]}
• Instant Fiat-to-Crypto Conversion: The platform is designed to allow for the instantaneous conversion of fiat deposits into cryptocurrencies available on the Bybit exchange, streamlining the user on-ramp process. ^[1]
• Cross-Border Transactions: The service aims to facilitate everyday financial transactions across international borders within a compliant framework, addressing common challenges in emerging markets such as slow transfers and high fees. ^[2]

Technology and Infrastructure

MyBank's infrastructure is built on a hybrid architecture that connects crypto-native liquidity and utilities with regulated fiat systems. This model leverages blockchain technology to provide what Bybit describes as "always-on, borderless financial services." The core technological goal is to create a seamless bridge between the two financial ecosystems, allowing for more efficient capital utilization for both individuals and businesses. ^[2]​

Partnerships

To provide its banking services, Bybit is collaborating with multiple banking providers. A key announced partnership is with Pave Bank, a licensed lender based in the country of Georgia, which helps supply the underlying banking infrastructure required to offer fiat accounts and IBANs to MyBank users. Bybit has also stated it maintains collaborations with more than 10 global banks and custodians as part of its broader ecosystem, which supports a unified collateral system for fiat, traditional, and crypto assets. ^{[1] [3] [2] [4]}​

Regulatory Status

The launch and operation of MyBank are explicitly conditional upon receiving regulatory approval from all relevant financial authorities. Both Bybit and its CEO, Ben Zhou, have emphasized that the service will only go live once all necessary authorizations from supervisory bodies are secured. The company has stated it is developing MyBank in alignment with "evolving global regulatory frameworks" to operate under a full compliance framework. ^{[3] [1] [2]}​

Strategic Context and Vision

MyBank is a fundamental pillar of Bybit's "New Financial Platform" strategy, which aims to create a unified ecosystem for diversified financial activities. This broader vision integrates retail banking, institutional services, and multi-asset trading into a single platform for its user base, which stood at 82 million across 181 countries and regions at the time of the announcement. ^{[2] [4]}

Other key components of this strategy include:

• ByCustody: An institutional-grade custody framework that reportedly manages over $5 billion in assets for more than 2,000 professional asset managers, providing secure segregation of client funds. ^[3]
• Bybit TradFi: An integration of traditional finance instruments alongside crypto markets. The platform included over 200 such instruments at the time of the announcement, such as stock CFDs, forex, commodities, and indices, with plans to expand to over 500. ^[2]
• Global Fiat Connectivity: The platform is supported by connections to nearly 2,000 local banks, over 58 fiat gateways, and a network of more than 200,000 P2P merchants. ^[2]
• AI Integration: Artificial intelligence is being deployed as a core infrastructure component to improve efficiency in engineering, risk control, compliance monitoring, and customer service. ^[2]

Future Plans and International Expansion

The launch of MyBank is a key step in Bybit's larger international expansion strategy. The company is not operational in the U.S. and Canada as of early 2026. CEO Ben Zhou has publicly expressed interest in expanding the company's services into the Americas, including the United States, noting that such a move would require a partnership with a U.S.-licensed entity. As part of its long-term ambitions, the company is also considering a potential public listing. ^{[1] [4]}