Bybit mentioned that the users will have access to their personal bank accounts as soon as they complete their KYC verification.
The exchange also revealed that it is partnering with various banking partners, consisting of Qatar National Bank (QNB) and DMZ Finance.
Bybit, the Dubai-based crypto exchange by trading volume, has planned to roll out retail banking services on its platform, initiating in February, the company mentioned on January 29.
At the time of a live online keynote, Bybit also revealed a product named “My Bank powered by Bybit”. The chief executive officer of the exchange, Ben Zhou, mentioned the service will offer users a personal IBAN, permitting them to send as well as receive funds over banks in different currencies, initiating with the US dollar transfers at the time of rollout.
The move shows the recent effort of Bybit to widen apart from crypto trading, coming after around a year of being hit by a $1.4 billion hack. Bybit mentioned th
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