Bybit, the world’s second-largest crypto exchange by trading volume, today announced its 2026 transformation into The New Financial Platform, a global financial ecosystem that expands access to modern banking, investing and payments infrastructure to underserved populations worldwide. The vision, unveiled by co-founder and CEO Ben Zhou during the semiannual keynote session, positions the company beyond its origins as a crypto exchange into a unified financial platform that connects cryptocurrencies, traditional markets and real-world financial services. One pillar of this initiative is MyBank, the new Bybit retail bank, whose start is planned for February 2026.
MyBank provides special accounts that facilitate the deposit and withdrawal of large fiat sums while enabling everyday financial transactions across borders within the compliance guidelines. ByCustody: institutional Custody framework of Bybit, ByCustody, manages assets of over $5 billion, which are managed by more than 30 professional asset managers on the platform. The Custody architecture supports the secure segregation of client assets and enables institutions and high-net-worth individuals to work with traditional financial safeguards while gaining access to digital markets.
Over 82 million users in 181 countries and regions are served by Bybit, and the platform is backed by nearly 2,000 local banks and more than 58 fiat gateways, over 200,000 P2P merchants worldwide, more than 2.7 million Bybit cards issued worldwide, and support for local fiat payments in over 10 countries via Bybit Pay. 7.1 billion US dollars in assets under management at Bybit Earn, delivering 110 million US dollars in yield for users in 2025. As of January 29, 2026, Bybit led the global spot market in XAUT (Tether Gold) with a 16% share.
Bybit TradFi, which evolved from the world’s first TradFi product of a crypto exchange in 2022, now integrates more than 200 TradFi instruments. For the first quarter, the introduction of 500 trading pairs is planned, including stocks CFDs, currencies, commodities and indices as well as crypto markets. This will create a single environment where users can manage diversified financial activities.
Compliance-driven global expansion. The platform’s development is aligned with evolving global regulatory frameworks and undertaken with licensed banking and custody partners. The company maintains active partnerships with more than 10 global banks and custodians, enabling unified collateral systems where fiat currencies, traditional assets and crypto holdings can coexist securely.
AI as central infrastructure across Bybit’s operations—not as an add-on feature, but as a system-wide productivity boost. The introduction of AI has already increased productivity in engineering by 30%. In 2026 Bybit will roll out AI4SE, aiming for a 50% efficiency improvement across the entire software lifecycle; an enterprise-wide AI agent network to support risk control, compliance monitoring, customer service and analytics; and an updated TradeGPT, a personalized AI assistant that simplifies access to financial markets. This AI framework is designed to reduce operating costs, improve risk management and extend financial services to underserved populations.
This transformation is about mainstream finance, added Zhou. We are going beyond niche crypto services and developing a new financial platform where cryptocurrencies become a central part of real-world financial activities. This will enable users to achieve more efficient capital utilization on both traditional and crypto markets.
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