Bybit News

Bybit’s upcoming neobank launch via Tether-backed Pave Bank highlights the regulatory hurdles and challenges that crypto exchanges face when entering traditional finance.

Crypto exchange Bybit said its new “My Bank” accounts will give users personal IBANs, instant fiat access, multi-currency transfers and crypto trading under their own name.

Security failures don’t just drain funds, they often destroy trust, leaving most hacked crypto projects unable to recover despite fixing the technical flaws.

North Korea’s record-breaking Bybit hack changed how exchanges handle security and even influenced FATF’s global crypto recommendations.

Concerns about code vulnerabilities are fading in the crypto space, but more sophisticated scam tactics are emerging as protocol security improves.

The exchange cited licensing approvals in Europe and its US launch as key drivers behind the surge in activity on its compliant platforms.

Bybit will phase out services for Japan-based users starting in 2026, following earlier steps to halt new registrations.

Bybit is relaunching in the UK with a stripped‑back spot and P2P platform, reopening a market it exited after the Financial Conduct Authority’s (FCA) 2023 crackdown.

The new feature gives select users access to traditional market derivatives, with positions margined and settled in USDt during a limited test phase.

Bybit plans deeper USDC adoption for trading and payments, with the stablecoin “already embedded” across its ecosystem.

The exchange will publish monthly, independently verified reserve reports, giving users third-party confirmation that assets are fully backed.

After analyzing 166 blockchains, Bybit’s Lazarus Security Lab found 16 networks that can freeze or restrict user funds, raising questions about decentralization.

Ethereum smart account wallet platform SafeWallet has rearchitected its systems in the wake of the infamous $1.5 billion theft of ETH from Bybit.

Bybit’s pause comes as Japan’s FSA considers reforms that could allow banks to hold Bitcoin and operate licensed exchanges.

Latin Americans are using stablecoins and crypto to combat inflation and access banking services where traditional systems have failed, according to the CEO of Bybit LATAM.