Key Takeaways
- A New Kind of Bank: MyBank launched in February 2026, offering personal bank account numbers (IBANs) to bridge digital and traditional money.
- Who It’s For: Designed specifically for the 1.4 billion people worldwide who lack access to traditional banking services.
- What You Can Do: Users can receive salaries, pay bills, and move money across 18 different currencies directly within the app.
- The Big Picture: Bybit is becoming a “one-stop-shop” where your “real-world” money and crypto live together seamlessly.
Bybit’s “New Financial Platform” in 2026
Bybit is officially moving beyond its roots as a crypto exchange to become a global financial ecosystem, launching a retail banking layer called MyBank in February 2026.
Why This Matters Right Now
For years, the world of digital assets and the world of traditional banks have felt like two different planets. If you wanted to pay your rent or buy a car using your savings, you often had to jump through several hoops to move money from an exchange to a bank.
Bybit is removing those hoops. By launching MyBank, they are building a bridge that allows you to handle your daily life from getting paid by your employer to paying for your morning coffee without ever needing a separate, old-fashioned bank account.
What is MyBank? A Simple Guide
At its core, MyBank is a “banking layer” added to the Bybit platform. It gives you a personal International Bank Account Number (IBAN). In the past, you might have used Bybit just to trade; now, you can use it to store your dollars, pounds, or euros.
How it works for you:
- Direct Deposits: You can give your MyBank account details to your employer to receive your monthly salary.
- Instant Conversion: The moment your “regular” money arrives, you can choose to keep it as cash or instantly swap it for digital assets.
- Bill Payments: Because you have a real bank account number, you can pay your monthly bills (like electricity or phone) directly from the app.
Comparing the Old Way vs. the New MyBank Way
| Feature | The Old Way (Standard Exchange) | The New Way (MyBank) |
| Account Type | Trading account only | Full personal bank account (IBAN) |
| Money Moving | Slow transfers to external banks | Instant, built-in movement |
| Salary | Cannot receive directly | Can be used as a primary pay account |
| Bill Pay | Not possible | Pay rent and utilities directly |
| Currencies | Mostly crypto-focused | Supports 18 major world currencies |
Reaching the “Underbanked”
A major part of Bybit’s 2026 vision is helping people who have been left behind by the current financial system. In many parts of the world, opening a bank account is either too expensive or physically impossible due to a lack of local branches.
By using blockchain technology the engine behind crypto Bybit can offer these banking services much faster and at a lower cost than a traditional bank. This “New Financial Platform” is designed to be always on, meaning it doesn’t close for weekends or holidays, giving people in emerging markets 24/7 access to their funds.
Safety and Global Reach
While this move is bold, Bybit isn’t doing it alone. They have partnered with established financial institutions like Qatar National Bank (QNB) and Pave Bank to ensure everything is done according to global rules.
To use these features, users will need to complete a standard identity check. This ensures the platform stays safe and follows the laws of the 181 countries where Bybit currently operates. By combining “bank-grade” security with the speed of the digital world, they hope to win the trust of the 82 million users already on their platform.
What’s Next for Bybit?
The February launch is just the beginning. Throughout 2026, Bybit plans to add more features, including:
- Institutional Tools: Helping big companies and banks manage digital versions of real-world assets like stocks or gold.
- AI Integration: Using smart technology to help users manage their risks and find better ways to grow their savings.
- Wider Currency Support: Moving beyond the initial 18 currencies to reach even more corners of the globe.
Bybit’s transformation shows that the future of money isn’t just about “crypto” or “cash” , it’s about having one simple place where you can manage both without a headache.
