ByBit Unveils 'My Bank' for Seamless IBAN Fiat-Crypto Transfers

ByBit is set to introduce its innovative 'My Bank' feature in February, streamlining fiat-to-crypto transactions for users.

ByBit has announced its plan to roll out an innovative banking feature known as 'My Bank' in February. This new service is designed to tackle the common challenges that users face when transferring funds to cryptocurrency exchanges.

The 'My Bank' feature will serve as a retail banking solution, aiming to simplify the process of sending fiat currency directly to crypto platforms. By eliminating the complexities often associated with these transactions, ByBit hopes to enhance user experience and accessibility in the crypto market.