Bybit Unlocks Direct USD Funding via OpenPayd Partnership
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has partnered with OpenPayd to enable USD deposit support. This integration allows eligible users to fund their Bybit accounts in USD and access USD trading pairs without additional currency conversion.
The partnership leverages OpenPayd's virtual IBANs and SWIFT capabilities to provide a seamless experience for both institutional settlement and retail deposits and withdrawals. According to Victoria Kilikyan, Bybit's Deputy Head of Fiat, 'Fiat access remains a critical part of the crypto experience... Our integration with OpenPayd gives eligible users a more direct way to fund their Bybit accounts in USD and access global crypto liquidity.'
Eligible users can deposit USD by navigating to Assets, selecting 'Make a Fiat Deposit,' and choosing USD as the deposit currency with SWIFT as the payment method. A flat $11 fee applies per transaction, regardless of deposit amount.