Bybit Brings Global Fiat Access to Crypto Exchange
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has launched USD deposit support via OpenPayd. This integration provides eligible users with a streamlined way to fund their Bybit accounts in USD and access USD trading pairs without additional currency conversion.
The feature is powered by OpenPayd, a regulated payment infrastructure provider, giving eligible users a compliant and secure channel for fiat funding. Through a single API integration with OpenPayd, Bybit can access global payment rails via virtual IBANs, including USD SWIFT with foreign exchange capabilities supported in one unified platform.
Victoria Kilikyan, Bybit's Deputy Head of Fiat, noted that 'Fiat access remains a critical part of the crypto experience, and improving the connection between traditional banking and digital assets is key to broader adoption.' Lux Thiagarajah, Chief Commercial Officer at OpenPayd, added that 'Bybit operates at an impressive scale, where it becomes increasingly important that moving between fiat and digital assets is supported by financial infrastructure that can keep pace.'
Eligible users can now deposit USD by navigating to Assets, selecting 'Make a Fiat Deposit,' and choosing USD as the deposit currency with SWIFT as the payment method. The system generates bank transfer details, including the beneficiary, account number, and reference code, for users to complete the transfer from a business bank account.