Bybit’s Neobank Initiative Challenges Crypto Exchanges' Banking Efforts

Bybit’s neobank, powered by Tether-backed Pave Bank, underscores the regulatory obstacles confronting crypto exchanges in the finance sector.

Bybit is set to unveil a neobank in collaboration with Tether-supported Pave Bank, shining a spotlight on the regulatory challenges and complexities that cryptocurrency exchanges encounter as they venture into the realm of conventional banking.