DUBAI, UAE — Sept. 23, 2026 — Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced support for US dollar deposits through OpenPayd, a provider of financial infrastructure that bridges traditional fiat banking and crypto rails. The integration gives eligible users a streamlined new way to fund their Bybit accounts in USD and access USD trading pairs without additional currency conversion. For readers new to exchange plumbing, this fiat on-ramp is the step where money in a bank account becomes a tradable crypto balance — the connection Bybit itself calls critical to broader adoption.

Through a single API integration with OpenPayd, Bybit gains access to global payment rails via virtual IBANs — account references that let a company receive payments through banking networks under its own name — including USD SWIFT, the international messaging system banks use for cross-border transfers, with foreign exchange capabilities supported on one unified platform. The arrangement covers both institutional settlement and retail deposits and withdrawals, giving the exchange a consistent and compliant way to collect, convert, and settle funds globally.

“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. Our integration with OpenPayd gives eligible users a more direct way to fund their Bybit accounts in USD and access global crypto liquidity, while providing the reliable infrastructure needed for both retail and institutional use. This is another step toward making moving between fiat and crypto as seamless as possible,” said Victoria Kilikyan, Bybit's Deputy Head of Fiat.

Lux Thiagarajah, Chief Commercial Officer at OpenPayd, added: “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. Supporting both institutional settlement and customer on/off-ramping requires accounts, global payment rails and FX to work together, rather than as fragmented functions. By bringing these capabilities into a single infrastructure layer, we're proud to support Bybit in managing increasingly complex money flows efficiently as it continues to operate at global scale.”

How to Deposit USD

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. The system then generates bank transfer details — including the beneficiary, account number, and reference code — for users to complete the transfer from a business bank account. Once the transfer is confirmed, the funds appear in the user's USD balance. Because the channel runs over SWIFT, users should confirm their sending bank supports international transfers, and the stated process routes deposits from a business bank account — details worth verifying against the eligibility terms before initiating a transfer.

What the Integration Offers

For eligible users, the integration provides a faster, more direct path to USD liquidity:

• Flat deposit fee: A flat $11 fee applies per transaction, regardless of deposit amount, offering cost predictability for users moving larger sums compared with percentage-based fee structures — though for small deposits, a flat fee represents a proportionally larger share of the amount transferred.
• Direct USD pair trading: Users can trade USD pairs directly on Bybit, avoiding an additional conversion step and its associated costs before trading.
• Faster funding: The integration streamlines both USD deposits and withdrawals, reducing the time between initiating a transfer and having funds available for trading.
• Global liquidity access: USD funding gives eligible users access to global liquidity markets, supporting more efficient trade execution.
• Institutional-grade infrastructure: The feature is powered by OpenPayd, a regulated payment infrastructure provider, giving eligible users a compliant and secure channel for funding.

Terms and conditions apply. A step-by-step guide to the deposit process is available, and users can review eligibility details and potential restrictions via Bybit's Deposit USD via OpenPayd and trade USD pairs page. Since eligibility and any restrictions rest with Bybit and its infrastructure partners, that page is the reference to watch for changes to availability or deposit terms.

About Bybit

Bybit describes itself as “The New Financial Platform,” built on the belief that every person should have access to every financial opportunity. Trusted by more than 80 million users worldwide, the exchange brings together investing, trading, payments, and wealth-building in a single secure ecosystem, combining AI-powered technology, deep global liquidity, robust security, and transparent operations. Media inquiries can be directed to media@bybit.com.

This announcement was distributed via PRNewswire and originally published by Chainwire.