Thredd, a global payments processor, and Bybit, the world’s second-largest cryptocurrency exchange by trading volume, have expanded their partnership to facilitate the regional rollout of the Bybit Card. This collaboration aims to bridge digital assets with everyday payments across key global markets, enabling Bybit users to spend their crypto holdings as fiat in real-time.
The Bybit Card, Bybit’s flagship multi-currency, crypto-linked payment card, leverages Thredd’s infrastructure to issue both virtual and physical Visa and Mastercard payment cards. The expanded partnership includes full wallet tokenization, allowing seamless integration with platforms such as Apple Pay, Google Pay, and Samsung Pay, in addition to supporting other digital wallets. Thredd also provides localized BIN issuance and real-time card control features as Bybit expands its global footprint.
Thredd’s processing platform is designed for scalability and to navigate diverse regulatory requirements across regions. This capability allows Bybit to configure market-specific programs that meet local compliance needs while maintaining centralized visibility. This flexibility has contributed to Bybit’s rapid expansion into multiple markets, with further growth anticipated.
The Bybit Card is trusted by over 2 million users worldwide, offering competitive cardholder rewards, global access, and crypto-to-fiat convenience. Bybit, founded in 2018, serves a global community of over 70 million users and focuses on Web3, aiming to create a more open and equitable digital finance ecosystem.
Jim McCarthy, CEO of Thredd, stated, “Our platform empowers Bybit to scale globally with secure card issuing, wallet tokenization, and rapid onboarding in new markets, helping turn their crypto vision into real-world utility.”
Sophie Chen, Head of Marketing, Payment Business Unit at Bybit, commented, “Thredd’s platform is instrumental in helping us bridge the gap between crypto and everyday commerce. Their multi-currency BIN setup, wallet integrations, and agile tech stack allow us to move quickly and compliantly, no matter the region, delivering a smooth, borderless payment experience for our users.”
This partnership demonstrates how crypto-native platforms, supported by robust infrastructure like Thredd’s, can deliver mainstream financial utility, setting a standard for modern, crypto-connected payments on a global scale.
