KEY TAKEAWAYS
- Bybit celebrates the second anniversary of its Bybit Card, having issued over 1.5 million cards globally since its launch in September 2023.
- Bybit plans to introduce a Premium Metal Card and enhance user experience with improved rewards, fraud protection, and connectivity features.
- The partnership with Mastercard supports Bybit’s global expansion, offering seamless cryptocurrency payments at any Mastercard-accepting merchant.
- The Bybit Card supports major cryptocurrencies like Bitcoin, Ethereum, and Tether, providing one of the highest cashback programs in the industry.
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, marked the second anniversary of its Bybit Card with a celebration at its Dubai headquarters on March 7, 2025. Since its launch in September 2023, the Bybit Card has issued over 1.5 million cards globally, becoming one of the fastest-growing cryptocurrency payment solutions worldwide.
During the anniversary event, Bybit announced several new product innovations and market expansion plans. These include the upcoming launch of a customizable, limited-edition Premium Metal Card for selected users in the first half of 2025. Additionally, all cardholders will benefit from an enhanced user experience, featuring an improved rewards program, stronger fraud protection, a redesigned intuitive dashboard, wearables connectivity, and complimentary family cards.
Enhancing User Experience and Expanding Market Reach
The enhancements aim to cater to the diverse needs of digital asset holders and their families, reinforcing Bybit’s commitment to providing superior financial products. Helen Liu, Chief Operating Officer at Bybit, emphasized the significance of the milestone, stating, “The issuance of 1.5 million Bybit Cards in just two years highlights the rapid adoption and growing demand for cryptocurrency financial solutions.” Liu also noted the importance of Bybit’s partnership with Mastercard, which supports the card’s global network and market expansion.
The Bybit Card is available in both physical and digital versions, allowing users to minimize intermediaries and pay with cryptocurrency at any merchant accepting Mastercard. This offers a seamless and secure way to manage and spend cryptocurrency, supported by one of the highest cashback programs in the crypto industry. The card supports a range of leading cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and XRP, with USD as the supported fiat currency.
Mastercard Partnership and Future Prospects
Mete Guney, Executive Vice President of Market Development at Mastercard for Eastern Europe, the Middle East, and Africa, highlighted the evolving financial landscape and the role of cryptocurrencies. “Our Mastercard Bybit crypto card program is a bridge between the world of digital assets and everyday payments, offering consumers more choice and increased flexibility,” Guney stated. The partnership with Mastercard is pivotal in supporting Bybit’s global expansion and enhancing user experience.
For more information about the Bybit Card and its rewards, including premium lounge access, Netflix subscription perks, and exclusive cashback offers, users can visit the official announcement here.
Why This Matters: Impact, Industry Trends & Expert Insights
Bybit has issued over 1.5 million cards globally as it celebrates the second anniversary of the Bybit Card, highlighting its rapid growth and the increasing demand for cryptocurrency payment solutions.
Recent industry reports indicate cryptocurrency payment card adoption is seeing significant growth, driven by mainstream acceptance and technological advancements. This aligns with Bybit’s expansion of its card services, offering enhanced features and a wider reach.
As per insights from TRM Labs, the recent Bybit hack underscores the importance of robust security measures in the crypto industry. This supports Bybit’s ongoing efforts to strengthen its security infrastructure while expanding its market presence.
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