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Bybit’s push to offer neobank-style services is testing how far crypto exchanges can expand into traditional finance (TradFi), highlighting regulatory hurdles and the growing reliance on licensed banking partners.
Bybit CEO Ben Zhou announced the exchange’s push into retail banking on Thursday, with a planned launch of its retail banking product, “MyBank,” in February. The move would mark one of the most ambitious attempts yet by a major exchange to offer bank-like services to retail users.
As…
