Bybit plans to launch IBAN accounts and expand financial services in February

On January 29th, Bybit CEO Ben Zhou announced plans to launch an IBAN based fiat account as early as February, supporting 18 fiat currencies and launching it under the "MyBank" brand. This account is issued by partner institutions such as Pave Bank, and users can obtain a personal exclusive IBAN for cross-border payments, transfers, and switching between fiat and encrypted assets. The initial support is given priority to US dollars. The service requires KYC review by Bybit and partner banks, and the launch time depends on the progress of regulatory approval. In addition, Bybit is developing real-world asset tokenization custody products and evaluating the possibility of expanding into the US market and going public in the future. The compliance team is in communication with regulatory agencies, and it is expected that the relevant approvals will be in place next month.