Bybit Integrates USD Deposit Support via OpenPayd
Bybit has launched support for USD deposits through its integration with financial infrastructure provider OpenPayd, enabling users to fund their accounts directly in USD without additional currency conversion. This marks a significant step toward bridging traditional banking and crypto systems by offering streamlined access to global payment rails including SWIFT via virtual IBANs. The new feature allows eligible users to deposit USD through business bank transfers with a flat $11 fee per transaction, regardless of the amount deposited. It also enables direct trading in USD pairs on Bybit's platform without conversion costs and reduces funding times for both deposits and withdrawals. The integration supports institutional-grade compliance and security. Victoria Kilikyan from Bybit emphasized that improving fiat access is crucial to broader crypto adoption, while Lux Thiagarajah of OpenPayd highlighted the importance of integrated financial infrastructure at scale.
Topics: Bybit cryptocurrency fiat integration OpenPayd payment rails