Core Insights - Bybit, the second-largest crypto exchange by trading volume, plans to launch dollar-denominated banking accounts called "MyBank" in February 2026, pending regulatory approvals [1] - The initiative aims to position Bybit as a neo-bank, allowing seamless conversion between fiat and digital assets, with support from partner banks like Pave Bank [2][4] - The accounts will support transfers across 18 currencies, requiring users to pass "know your customer" checks [3] Company Strategy - Bybit's operational reach includes over 200 jurisdictions and partnerships with nearly 2,000 banks, providing a strong foundation for the banking product rollout [4] - The CEO emphasized that crypto serves as the infrastructure for a new financial system, positioning the accounts as a bridge between traditional finance and digital assets [5] - Beyond retail banking, Bybit plans to launch a custody product targeting institutional investors involved in tokenizing real-world assets [6] Market Positioning - The move aligns with Bybit's goal of achieving dominance in real-world asset trading and on-chain capital by 2026 [6] - Despite the popularity of prediction markets, Bybit will avoid entering this space due to compliance challenges [7]