Bybit Integrates Bank Accounts for Crypto Trading, Targets U.S. Market Expansion

Cryptocurrency exchange Bybit is advancing its global strategy by integrating traditional bank accounts directly into its platform, according to a Bloomberg report. This significant move aims to bridge the gap between fiat and digital assets, simplifying the onboarding process for new users. The development is seen as a strategic step to facilitate Bybit's planned expansion into the United States market, a key region with stringent regulatory requirements. By offering seamless bank account linkages, Bybit enhances user experience and positions itself competitively against other major exchanges. This integration is expected to increase liquidity and attract institutional and retail investors seeking efficient fiat-to-crypto gateways.