Bybit, the world's second-largest cryptocurrency exchange by trading volume, announced that USD deposit is now supported through OpenPayd, a leading provider of financial infrastructure bridging traditional fiat banking and crypto rails. The integration gives eligible users a new streamlined way to fund their Bybit accounts in USD and access USD trading pairs without additional currency conversion.

"Fiat access remains a critical part of the cryptoexperience, 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."

Eligible users can now 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 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, funds appear in the user's USD balance.

For eligible users, the integration unlocks 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.
• Direct USD pair trading: Users can trade USD pairs directly on Bybit, avoiding the additional step and conversion 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 fiat funding.