Bybit to Launch MyBank with IBAN Features in 2026

• Lyla Velez
• January 29, 2026
• Adoption
• 0 Comments

Bybit, led by CEO Ben Zhou, plans to introduce MyBank neobank features with personal IBAN accounts in February 2026, pending regulatory approval.

Bybit’s initiative signals a shift in crypto services, integrating traditional banking features. Market observers are keen on its regulatory journey and potential expansion.

Bybit will provide customers with personal IBAN accounts through MyBank, facilitating fiat deposits, instant crypto conversions, and additional banking services. Ben Zhou announced these features on January 29, 2026, emphasizing the expansion to 18 currencies.

“The moment that your pound or US dollar arrives, you can choose to transfer it to crypto. That’s a huge update.” – Ben Zhou, CEO, Bybit

Zhou’s statement highlights customers can transfer pounds or US dollars directly to crypto, a major shift for crypto-banking. The inclusion of IBANs allows deposits like salaries and supports transactions for diverse purchases.

Immediate reactions involve scrutiny of regulatory approvals and potential expansions, including a US market entry using a licensed partner. The banking initiative marks a significant addition to Bybit’s services.

Bybit’s approach contrasts with fintech companies adding crypto to existing banking platforms. The integration represents an attempt to bridge fiat and crypto sectors more seamlessly.

Plans may influence financial markets once operational, with expected regulatory hurdles given past scrutiny. The cross-border functionality aims to increase Bybit’s reach among its global user base.

Experts anticipate regulatory and compliance challenges for Bybit as it ventures into new jurisdictions. Technological and compliance infrastructure will be crucial—supported by Pave Bank’s licensed lending capabilities.