The post Tron Plans Bitcoin Purchases After Binance’s $1 Billion SAFU Shift appeared first on Coinpedia Fintech News

The crypto market is once again showing strong confidence in Bitcoin after gold prices crashed nearly 10% today. Tron blockchain founder Justin Sun said he plans to increase Bitcoin holdings. 

Meanwhile, his statement came soon after Binance announced it would move its entire $1 billion SAFU reserve into Bitcoin, choosing to buy BTC during the market dip.

Tron Plans Bitcoin Purchases After Binance

Responding to Binance’s announcement, Justin Sun tweeted on X stating that he also plans to grow his Bitcoin position over time. While Tron does not currently maintain a large public Bitcoin treasury, the Tron ecosystem manages more than $200 million worth of TRX tokens.

Sun did not provide specific details regarding the amount of Bitcoin he plans to purchase or the timeline for these buys. 

However, his response suggests that Tron may begin viewing Bitcoin as part of its broader long-term asset strategy rather than relying solely on native tokens.

Binance Moves $1 Billion SAFU Reserve Into BTC

Earlier today, Coinpedia News reported that Binance announced it plans to convert its entire $1 billion Secure Asset Fund for Users (SAFU) reserve from stablecoins into Bitcoin. 

The conversion is expected to be completed within 30 days, marking a significant shift in how the exchange manages user protection funds.

Binance described Bitcoin as the foundation of the crypto ecosystem and a reliable long-term store of value. The exchange also stated that it plans to maintain the SAFU fund at above 800 million even if Bitcoin prices fluctuate. 

This move was seen as a strong vote of confidence in Bitcoin during a period of market uncertainty.

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Bitcoin Price Outlook

Bitcoin is currently trading near $82,600, down about 6% in the last 24 hours. Today, it fell below the key $84,000 support level, which had held firm since mid-November 2025.

The drop happened as selling pressure increased and total crypto long liquidations crossed $1.6 billion. Bitcoin alone saw more than $750 million in long positions wiped out as the price slipped to around $81,000.

With market sentiment turning weaker, crypto analyst Ted believes bearish conditions could last longer. He expects Bitcoin may fall further, possibly retesting the April 2025 level near $74,000.

FAQs

The post Binance Plans Major Expansion in South Korea After GoFi Repayments in 2026 appeared first on Coinpedia Fintech News

Binance is laying the groundwork for a serious push into South Korea, with plans to fully repay GoFi users in 2026 and then challenge the country’s dominant crypto exchanges. Speaking to The Block, Binance APAC head SB Seker said resolving the long-running GoFi restitution issue is the company’s top priority and a necessary step before scaling operations in the market.

The repayment effort stems from Binance’s 2023 acquisition of Gopax, a South Korean exchange hit hard by the collapse of Genesis Global Capital. That move allowed Binance to re-enter the Korean market, though regulatory approvals slowed progress until late last year.

Closing the GoFi Chapter

GoFi, a DeFi product operated by Gopax, froze withdrawals in early 2023 after Genesis halted redemptions and later filed for bankruptcy. Thousands of users were left unable to access their funds, prompting Binance to step in and acquire a majority stake in Gopax as part of a rescue plan.

According to Seker, there is now alignment among regulators, users, and Binance to close the issue. The restitution wallet, currently under third-party custody, holds the same crypto assets users originally lost, not their fiat value. These include over 775 BTC, nearly 5,800 ETH, and more than 700,000 USDC, reflecting the strong price appreciation since withdrawals were frozen.

While the funds are ready, Binance is still awaiting final approvals from South Korean authorities and is developing a distribution plan to minimize costs for all parties.

Strengthening Gopax From the Inside

Once repayments are complete, Binance plans to shift its focus to upgrading Gopax’s infrastructure. This includes technical and security enhancements aligned with Binance’s global standards, alongside gradual product expansion tailored to South Korea’s regulatory environment.

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Rebranding Gopax under the Binance name remains an option, but is not a priority for now. Instead, the emphasis is on offering compliant products that already exist in the local market and meet clear user demand.

Stablecoins, RWAs, and Institutions in Focus

Looking ahead, Binance sees major opportunities in stablecoins, real-world asset tokenization, and institutional crypto adoption. Seker noted potential support for won-pegged stablecoins and payment systems, as lawmakers work toward clearer regulations. Tokenized securities and RWAs, potentially launched through local partnerships, are also on the radar.

With South Korea gradually easing restrictions on corporate crypto investment, Binance is positioning Gopax to serve institutional clients as the market opens up.

Regulatory Hurdles Remain

Challenges still exist. Proposed rules could cap major shareholders’ stakes in exchanges at 15–20%, far below Binance’s current 67% holding in Gopax. Still, Seker downplayed the risk, calling South Korea one of the most attractive and balanced crypto markets in the Asia-Pacific region.

While Upbit and Bithumb currently dominate, Binance is clear about its ambition. Compete aggressively and aim for the top spot, starting once GoFi repayments are finally complete.

FAQs

The post Arthur Hayes Explains Why Bitcoin Is Falling Amid $300B Dollar Liquidity Drain appeared first on Coinpedia Fintech News

Bitcoin’s recent drop has left traders searching for answers. But according to Arthur Hayes, the reason has little to do with crypto itself.

The former BitMEX CEO says the weakness in Bitcoin is tied to something much bigger – a sharp drain in U.S. dollar liquidity happening behind the scenes.

Arthur Hayes Explains Why Bitcoin Is Under Pressure

In a post on X, Hayes pointed to a sudden tightening in dollar liquidity over the past few weeks.

“Roughly $300bn fall in $ liq over past few weeks driven mostly by $200bn rise in TGA, gov could be raising cash balances to fund spending in case of shutdown. $BTC falling not a surprise given the fall in $ liquidity,” he wrote.

His message was clear: Bitcoin is reacting to macro conditions, not a crypto-specific problem.

Treasury Cash Buildup Is Draining Liquidity

Hayes highlighted the role of the U.S. Treasury General Account (TGA), the government’s main cash account held at the Federal Reserve.

When the Treasury increases its TGA balance, money is pulled out of the financial system. In recent weeks, the TGA has risen by around $200 billion, removing liquidity that would otherwise flow through markets.

Hayes suggested the government may be building cash reserves to prepare for a possible shutdown, allowing federal spending to continue if budget talks break down.

Dollar Liquidity Data Supports the Move

The tightening is visible in market data. The USDLIQ index, which tracks broad dollar liquidity, has fallen nearly 7% over the past six months. It dropped from highs near 11.8 million in August to around 10.88 million by late January.

Bitcoin’s pullback has closely followed that trend, reinforcing the link between liquidity conditions and crypto prices.

Historically, periods of rising TGA balances and shrinking liquidity have weighed on risk assets, including stocks and cryptocurrencies. When liquidity expands, those assets tend to perform better.

Also Read: How Will Fed Selling Dollars for Yen Impact Bitcoin Price?

Pressure Extends Beyond Bitcoin

The liquidity squeeze isn’t hitting Bitcoin alone. Reduced liquidity often leads to lower leverage, higher risk aversion, and selling across speculative assets.

With futures open interest falling and capital rotating toward traditional safe havens like gold and silver, the broader message from Hayes is simple: until dollar liquidity improves, Bitcoin and other risk assets may continue to struggle.

For now, macro cash flows are setting the tone.

The post Trump Picks Kevin Warsh as Next Fed Chair appeared first on Coinpedia Fintech News

President Trump has officially chosen former Federal Reserve governor Kevin Warsh to be the next Federal Reserve Chair, replacing Jerome Powell, with Senate confirmation still pending. Warsh, who served on the Fed from 2006 to 2011 and later worked in economic research and policy, is seen as experienced but likely to favor tighter monetary policy, which has lifted the U.S. dollar and bond yields. Stocks, gold, and Bitcoin fell as markets priced in potentially higher rates and reduced liquidity. Warsh has previously said Bitcoin can act like a store of value, though his focus remains on price stability and disciplined policy.

The post Bitcoin Created the Blueprint — Why Bitcoin Everlight Is Drawing Early Comparisons appeared first on Coinpedia Fintech News

Bitcoin introduced a structural framework that reshaped how decentralized systems are designed. Fixed supply, rule-based issuance, and distributed participation formed a blueprint that later networks continue to reference. As Bitcoin matured into a reserve-grade asset held by institutions and sovereign entities, comparisons shifted away from price history and toward architectural discipline.

In 2026, Bitcoin Everlight is drawing attention through this lens. The comparisons forming around the project are grounded in structural similarities to Bitcoin’s original design philosophy, alongside deliberate distinctions that define Everlight’s narrower operational scope.

The Structural Blueprint Bitcoin Established

Bitcoin’s launch in 2009 introduced a system governed by predefined rules instead of discretionary control. Its fixed supply removed uncertainty around issuance, while decentralized participation distributed validation and security across independent actors.

These elements created a framework where trust emerged from transparent mechanics instead of intermediaries. Over time, this blueprint proved resilient through multiple market cycles, regulatory scrutiny, and expanding institutional adoption. The result was a network whose credibility stemmed from structure rather than adaptability.

Where Bitcoin Everlight Reflects That Blueprint

Bitcoin Everlight reflects several of these foundational principles at the system-design level. BTCL operates with a fixed total supply, with allocation and release schedules defined in advance. Supply mechanics are not subject to discretionary adjustment, allowing participants to evaluate the system under known constraints.

Operational execution is distributed across independent Everlight nodes. Transaction routing and lightweight validation are handled through a decentralized node network, with routing priority determined by measurable performance metrics such as uptime and routing accuracy. In this sense, participation outcomes are tied to contribution rather than administrative assignment.

Everlight also maintains strict role definition. It does not attempt to assume monetary issuance or settlement authority, preserving Bitcoin’s position as the final settlement layer.

Key Distinctions That Separate Everlight From Bitcoin

Despite structural parallels, Bitcoin Everlight is not designed to replicate Bitcoin’s function. Bitcoin operates as a base-layer settlement network secured through proof-of-work consensus. Everlight does not participate in consensus, block production, or monetary enforcement.

Everlight functions as a lightweight transaction routing layer. Transactions are confirmed through quorum-based validation measured in seconds and can be optionally anchored back to Bitcoin for settlement reference. This approach preserves Bitcoin’s protocol integrity while enabling faster confirmation and predictable micro-fee routing at the application layer.

Economic activity within Everlight is not influenced by hash rate competition, block rewards, or energy expenditure. Network relevance is determined by transaction flow and routing demand across the system.

How Everlight Nodes Participate in the Network

Everlight nodes form the operational layer responsible for transaction routing and lightweight validation. These nodes are not full Bitcoin nodes and do not maintain the Bitcoin blockchain. Their role is limited to processing transactions within the Everlight network and participating in quorum confirmation.

Node participants stake BTCL tokens to register, subject to a 14-day lock period. Compensation is derived from routing micro-fees and network rewards weighted by uptime, routing volume, and performance metrics such as latency and delivery success. Nodes that underperform experience reduced routing priority and lower compensation.

The network distinguishes between Light, Core, and Prime node tiers. Higher tiers unlock priority routing roles and expanded operational responsibilities tied to sustained performance and participation.

Audits, KYC, and Accountability Measures

Bitcoin Everlight’s smart contract infrastructure has undergone independent third-party review. A Bitcoin Everlight’s smart contract infrastructure has been subjected to multiple independent third-party reviews focused on contract logic, execution paths, and identifiable risk vectors. A completed SpyWolf Audit assessed core contract behavior, while a separate SolidProof Audit provided an additional external technical review. 

Team accountability has been addressed through a SpyWolf KYC Verification and an independent Vital Block KYC Validation, establishing identifiable responsibility behind development and operations. As part of the broader evaluation, a recent overview from Crypto Royal examining Everlight’s transaction layer and node mechanics has circulated within the market discussion.

BTCL Tokenomics and Presale Structure

BTCL operates with a fixed total supply of 21,000,000,000 tokens. Allocation is defined in advance: 45% allocated to the public presale, 20% reserved for node rewards, 15% for liquidity provisioning, 10% assigned to team allocations under vesting conditions, and 10% reserved for ecosystem development and treasury use.

The public presale is structured across 20 stages, beginning at $0.0008 in stage one and progressing to $0.0110 in the final stage. Presale tokens release with 20% available at the token generation event, followed by linear distribution over six to nine months. Team allocations follow a 12-month cliff and a 24-month vesting schedule.

BTCL utility is limited to transaction routing fees, node participation requirements, performance-based incentives, and optional anchoring operations connected to Bitcoin settlement.

Learn more about how Bitcoin Everlight applies Bitcoin-inspired structural principles within a defined transaction routing role.

Website: https://bitcoineverlight.com/
Security: https://bitcoineverlight.com/security
How to Buy: https://bitcoineverlight.com/articles/how-to-buy-bitcoin-everlight-btcl

The post El Salvador Boosts Gold Reserves with $50 Million Purchase Amid Bitcoin Strategy appeared first on Coinpedia Fintech News

El Salvador has quietly joined the growing list of nations increasing their exposure to gold, announcing a $50 million purchase through its central bank. The acquisition comes at a time when gold prices remain near record highs, driven by persistent macroeconomic uncertainty, geopolitical risks, and weakening confidence in traditional financial systems. For El Salvador, the move marks a notable shift back toward a traditional reserve asset while continuing its parallel strategy of accumulating Bitcoin. In the meantime, Bitcoin falls to under $82,000, and $1.75 billion is liquidated from the crypto market in the past 24 hours.

Second Gold Buy Since 1990 Signals Strategic Shift

According to the Central Reserve Bank (BCR) of El Salvador, the country purchased 9,298 troy ounces of gold, valued at roughly $50 million. This is only the second gold purchase made by the central bank since 1990 and follows a similar acquisition in September 2025, when El Salvador bought 13,999 troy ounces, also worth about $50 million at the time.

With the latest addition, the country’s total gold reserves now stand at 67,403 troy ounces. The BCR described gold as a “universally strategic reserve asset,” emphasizing its role in supporting long-term financial stability, protecting against structural shifts in global markets, and strengthening confidence among investors and the public.

Gold and Bitcoin: A Dual Reserve Strategy

The gold purchase comes alongside El Salvador’s continued commitment to Bitcoin. According to data from the country’s Bitcoin office, El Salvador now holds 7,547 BTC, valued at approximately $635 million. This dual approach highlights a broader strategy of diversification, combining a centuries-old store of value with a modern digital asset.

While Bitcoin underscores El Salvador’s image as a crypto-forward nation, gold provides a stabilizing counterbalance, particularly during periods of market stress when volatility in digital assets remains elevated.

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Global Gold Demand Accelerates

El Salvador’s move reflects a wider global trend. Gold demand has surged in 2026, with prices up nearly 20% year to date before a recent pullback. Central banks and institutions worldwide are increasingly turning to gold as a hedge against inflation, currency risk, and geopolitical instability.

Poland’s central bank has outlined plans to expand its gold reserves to 700 tonnes, while China has continued to add gold aggressively, far more than official figures suggest, according to estimates cited by Goldman Sachs and The Kobeissi Letter.

Tokenized Gold and Corporate Accumulation

Beyond central banks, corporations are also increasing their exposure. Tether reportedly added around 27 tonnes of gold in late 2025 and is targeting a 10–15% allocation, while demand for tokenized gold products like XAUT and PAXG has surged, driven by large-scale on-chain purchases.

Although gold dipped to around $5,176 amid heightened U.S.–Iran tensions, El Salvador’s purchase underscores a broader defensive posture. By strengthening its gold reserves while holding substantial Bitcoin, the country is positioning itself for resilience in an increasingly fragile global financial landscape.

FAQs

The post Will BTC, ETH and XRP Rally As Trump Formally Nominates Kevin Warsh as Fed Chair? appeared first on Coinpedia Fintech News

President Donald Trump on Friday formally announced the nomination of former Federal Reserve governor Kevin Warsh as chairman of the Board of Governors of the Federal Reserve System, confirming weeks of speculation over who would succeed Jerome Powell.

“I am pleased to announce that I am nominating Kevin Warsh to be the Chairman of the Board of Governors of the Federal Reserve System,” Trump said in a statement, praising Warsh’s experience, credentials, and long-standing ties to economic policymaking.

The nomination is subject to confirmation by the U.S. Senate.

Trump Praises Warsh’s Credentials and Experience

In his announcement, Trump opened up about Warsh’s deep academic and professional background. Warsh currently serves as the Shepard Family Distinguished Visiting Fellow in Economics at Stanford University’s Hoover Institution and lectures at the Stanford Graduate School of Business. He is also a partner at Duquesne Family Office, working alongside investor Stanley Druckenmiller.

Warsh earned his undergraduate degree from Stanford University and a law degree from Harvard Law School. Trump noted that Warsh has conducted extensive research in economics and finance and has played an influential role in shaping monetary policy debates internationally.

Role in Global and U.S. Monetary Policy

Trump pointed to Warsh’s work with the Bank of England, where he authored an independent report proposing reforms to the UK’s monetary policy framework. Those recommendations were later adopted by the British Parliament.

Warsh became the youngest Federal Reserve governor in history at age 35, serving on the Fed’s Board of Governors from 2006 to 2011. During that period, he represented the Federal Reserve at Group of Twenty (G-20) meetings and acted as the board’s emissary to both emerging and advanced economies across Asia.

He also served as the Fed’s administrative governor, overseeing internal operations, staffing, and financial performance at the central bank.

Long Ties to the White House and Wall Street

Before joining the Federal Reserve, Warsh served from 2002 to 2006 as special assistant to the president for economic policy and executive secretary of the White House National Economic Council. Earlier in his career, he worked at Morgan Stanley in New York, where he held senior roles in the firm’s mergers and acquisitions division.

Trump said he has known Warsh “for a long period of time” and expressed strong confidence in his leadership, calling him someone who could become “one of the great Fed chairmen, maybe the best.”

According to market experts, Kevin Warsh is seen as a more crypto-friendly Fed nominee, and his nomination could act as a short-term positive signal for a market that is already under heavy pressure. The total crypto market cap has slipped to around $2.83 trillion.

Warsh’s perceived openness to markets and liquidity could help stabilise sentiment and possibly slow the bleeding in assets like Bitcoin, Ethereum, and XRP, even if it does not trigger an immediate rally.

The post BNB Price Slides 6% as $900 Rejection Triggers Liquidation-Led Selloff appeared first on Coinpedia Fintech News

Binance Coin (BNB) price extended its decline on Friday as the broader crypto market slid into a risk-off phase. BNB price fell more than 6% intraday, extending losses after failing to reclaim the psychologically important $900 level. The move comes amid a wider selloff across Bitcoin and major altcoins, where rising liquidations and tightening macro conditions are accelerating downside momentum. As price slipped below key support zones, derivatives data shows the decline was not driven by spot selling alone. Instead, the move unfolded as a liquidation-led breakdown, exposing structural weakness built up during the prior consolidation.

BNB Price Breaks Down After $900 Rejection

BNB price chart shows clear signs of breakdown. The rejection at $900 marked a failure at a key supply zone that has capped upside attempts multiple times. Once BNB price lost the $880 support, selling pressure intensified, breaking the short-term higher-low structure and confirming a shift toward lower-highs and lower lows. The current selloff has pushed BNB below the $850 mark, with $880 now acting as resistance rather than support. 

If downside pressure persists, the $800-$830 emerges as the next major demand zone, aligned with prior liquidity absorption. A deeper move could expose the $800 psychological level, especially if broader market weakness continues. On the upside, any rebound toward $860-880 is likely to face selling interest unless BNB can reclaim $900 with strong volume, a scenario that currently appears unlikely given the derivatives backdrop.

Liquidations and Funding Rates Confirm Deleveraging Phase

The sharp downside move in BNB was fueled by aggressive liquidation activity across derivatives markets. Liquidation heatmap data reveals dense long-position clusters stacked between $880 and $850, where leverage had accumulated over recent sessions. 

Once BNB was rejected at $900, price quickly moved into this liquidity pocket, triggering a cascade of forced closures. During the selloff, BNB-related liquidations exceeded $100 million, with long positions accounting for the bulk of the wipeout. This confirms that bullish positioning had become overcrowded near resistance, leaving the market vulnerable to a rapid flush once support gave way.

Funding rates across major perpetual contracts flipped decisively negative, sliding into the -0.01% to -0.02% range, signalling traders paying a premium to stay short. At the same time, open interest dropped by roughly 8–10%, showing that leverage was being forcibly removed rather than rotated into new positions. Together, negative funding, falling open interest, and clustered liquidations point to a structural leverage reset, not a one-off panic move.

Final Thoughts

BNB’s price rejection at $900 has shifted the short-term trend firmly bearish, with liquidation-driven selling exposing fragile market structure. Until leverage resets and price stabilizes above key resistance, downside risks remain dominant. For now, traders are watching whether demand can re-emerge near support, or if further deleveraging extends the decline.

The post MEXC Adds XYZ on January 29 as 2026 Opens the Listing Phase for 2025 Presale Projects appeared first on Coinpedia Fintech News

On January 29, 2026, MEXC will list the XYZ/USDT trading pair at 1 PM UTC, which announces the first exchange listing of XYZVerse’s XYZ token. The exchange is also accompanying the launch with a promotional campaign featuring a 50,000 USDT reward pool and additional APR booster incentives for early participants. The listing signals the beginning of XYZVerse’s execution phase and sets the stage for real-world application.

Hundreds of crypto projects spent 2025 running presales to build communities and get the resources they needed. As 2026 begins, projects like XYZVerse (which collected nearly $16 million in its presale) are moving beyond fundraising and into execution.

The XYZVerse platform itself is an eSports ecosystem where players, fans, and brands interact. This interaction drives demand for XYZ tokens, as users participate in matches, support teams, and unlock fan perks. Rather than relying on speculative investment, XYZVerse’s value is tied to actual product usage. 

XYZVerse’s tokenomics model is designed to create long-term value by focusing on a deflationary structure, including programmable buybacks and burns. These strategies are aimed at controlling the circulating supply and maintaining the value of the XYZ token.

The total supply of XYZ is fixed at 100 billion tokens, with: 

• 18% allocated to the presale, 
• 17% reserved for long-term deflationary burns,
• 15% for liquidity provisioning,
• 15% for marketing, 
• 10% for development and ecosystem growth, 
• 10% for community incentives and airdrops, 
• and 10% allocated to the team.

One of the key features of XYZVerse is its Revenue Router, which allocates a portion of platform revenue to automatic buybacks and burns. These buybacks are transparent and fully on-chain, ensuring that the process is verifiable. 

In addition, 10% of net profits from partner projects are periodically directed toward open-market buybacks through a public on-chain wallet, creating a closed-loop system where platform usage feeds directly into token demand and supply reduction. The aim is to reduce the circulating supply of XYZ tokens and help stabilize its price.

XYZVerse’s launch supply is limited to around 0.5% of the sale allocation, with the rest distributed over time to reduce volatility risks often associated with heavily front-loaded token launches.

Also, ahead of the listing, the XYZ token recently migrated to BNB Smart Chain, with the goal of improving transaction speed, lowering fees, and making the platform more accessible as on-chain activity scales.

With the token now entering public markets, the focus shifts to how XYZVerse develops from here. The project’s roadmap points toward expanding its on-chain infrastructure, including tools for fan participation, marketplaces for digital items, and broader league mechanics that go beyond a single title or event. 

Planned updates also include prediction and fantasy side pools, a public dashboard for tracking platform activity, and the gradual rollout of cross-title features designed to link different competitions under one system.

Later stages of the roadmap reference mobile support and regional competitions, signalling an effort to grow the platform step by step rather than all at once.

The post Bybit to Launch Retail Banking Services With “MyBank” Accounts in February appeared first on Coinpedia Fintech News

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced plans to launch retail banking services under a new product called “MyBank powered by Bybit,” which is expected to go live in February 2026, pending regulatory approvals.

Bybit to Launch Retail Banking With “MyBank”

During a recent livestream, Bybit CEO Ben Zhou revealed a plan to launch a new product called “MyBank powered by Bybit.” 

Zhou said that new MyBank accounts will allow users to hold U.S. dollars and other fiat currencies, not just cryptocurrencies. 

Once funds like dollars or pounds hit a user’s account, they can immediately choose whether to keep it as cash or move it into crypto. This direct link between banking and crypto is seen as a major upgrade for everyday users.

This marks a clear shift in Bybit’s strategy, as it moves closer to offering full financial services rather than only trading tools.

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Banking Features and Global Transfers

Once launched, users will be able to open MyBank accounts after completing identity verification. Each user will receive a personal International Bank Account Number (IBAN), making it possible to send and receive money across borders. 

The service will support 18 different currencies, giving users easier access to global payments and transfers.

Meanwhile, the MyBank rollout is being done in partnership with traditional banks. With these accounts, users can move money in and out of their Bybit accounts more smoothly, without relying on third-party payment providers.

UAE Expansion and AED Banking Support

Alongside MyBank, Bybit also announced direct AED bank deposits and withdrawals in the UAE. Under a local regulatory framework, eligible users can now transfer money directly between their Bybit accounts and UAE banks. 

This strengthens Bybit’s presence in the region and supports its broader banking goals.

To promote the new banking features, Bybit has also announced a reward pool of up to 750,000 AED and zero fees on AED deposits for eligible users until February 28, 2026.

FAQs