Bybit to Launch MyBank Service Offering Personal IBANs in February 2026
Bybit’s MyBank will provide IBAN-based accounts in 18 currencies, starting with USD, enabling instant fiat-crypto switching through licensed partners pending regulatory approval.
Fact Check
The assessment is 'likely_true' with high confidence based on strong, consistent evidence from multiple sources. The core claims of the statement—that Bybit will launch a service providing personal IBANs in February 2026—are well-supported by high-authority sources. A Bloomberg article reports on Bybit's plan to launch bank-like services including IBAN accounts. A Cointelegraph article further corroborates this, specifically mentioning a February launch for retail bank accounts with personal IBANs. An official Bybit help center article, while not a direct announcement, provides circumstantial support by indicating policy changes related to IBANs around the same timeframe (January 2026). The specific service name, 'MyBank Service', is only mentioned in a low-authority social media post. While this source is less credible, it is the only one to provide a name, and its claims are consistent with the information from the more reputable sources. There is no conflicting evidence from any of the provided sources. The Trustpilot review is irrelevant and was disregarded. The strong corroboration on the fundamental aspects of the launch makes the overall statement highly probable, with the only minor uncertainty being the specific marketing name for the service.
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Summary
Bybit CEO Ben Zhou confirmed that the exchange will roll out IBAN-based fiat accounts under the MyBank brand in February, subject to regulatory clearance. The service will support 18 currencies in partnership with licensed institutions such as Georgia’s Pave Bank, beginning with U.S. dollar accounts. Users can seamlessly switch between fiat and crypto holdings. The initiative marks Bybit’s expansion into integrated banking services, targeting both traditional and digital asset markets.
Terms & Concepts
- IBAN: International Bank Account Number used to facilitate cross-border transactions and ensure accurate routing of payments.
- Crypto neobank: A digital-first bank integrating cryptocurrency services such as trading, payments, and fiat-to-crypto conversions alongside traditional banking features.