Bybit selects OpenPayd to unify global fiat settlement and on/off-ramp infrastructure
London, United Kingdom, September 23rd, 2026, Chainwire
Single API integration delivers USD SWIFT connectivity, virtual IBANs, and FX across institutional settlement and on/off-ramping
OpenPayd, a leading provider of financial infrastructure, has been selected by Bybit, the world’s second-largest cryptocurrency exchange by trading volume and home to over 80 million users globally, to support its global fiat operations and settlement flows.
Through a single API integration, Bybit is leveraging OpenPayd’s platform across its global operations to access virtual IBANs connected to international payment rails, including USD SWIFT, alongside foreign exchange capabilities. The infrastructure supports both institutional settlement flows and retail client on/off ramping within a unified environment, enabling Bybit to enhance how funds are collected, converted and settled consistently across its operations.
For an exchange operating at Bybit’s scale, handling high volumes of deposits, withdrawals and treasury movements across jurisdictions introduces operational complexity. By consolidating USD settlement, account infrastructure and FX within OpenPayd, Bybit standardises these flows within a single environment, improving reconciliation, reducing reliance on multiple providers and creating a more consistent framework for global money movement.
This integration comes as digital asset platforms face increasing demand for reliable fiat connectivity, particularly in USD, which remains central to trading, liquidity provision and stablecoin settlement. As institutional participation deepens, exchanges are prioritising infrastructure that can support predictable, compliant and scalable movement between fiat and digital asset markets without fragmentation.
Lux Thiagarajah, Chief Commercial Officer at OpenPayd, said: “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.”
Victoria Kilikyan, Bybit’s Deputy Head of Fiat, said: “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.”
The integration highlights how exchanges are evolving their infrastructure to treat fiat and digital assets as part of a single financial system. As global trading activity increases and user expectations rise, the ability to unify banking rails, account structures and currency conversion into one platform is becoming a core component of digital asset market infrastructure.
About Bybit
Bybit is The New Financial Platform.
We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.
Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.
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Learn more at Bybit.com
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About OpenPayd
OpenPayd is building the universal financial infrastructure for the digital economy. Founded in 2018 by Dr. Ozan Ozerk, its rails-agnostic platform enables businesses to move and manage money globally – across fiat and digital assets – through a single, powerful API. OpenPayd provides embedded accounts, FX, domestic and international payments, Open Banking, and stablecoin on/off ramps – delivering interoperability between traditional finance and digital assets. With one of the most comprehensive banking networks in the market, OpenPayd enables real-time money movement, everywhere.
Trusted by global brands including eToro, Kraken, OKX, and B2C2, OpenPayd processes more than $300 billion in annual volumes for over 1200 businesses. It is the infrastructure layer powering the next generation of financial services.