Bybit Kazakhstan, the authorized entity of cryptocurrency exchange Bybit, has officially launched a fiat deposit and withdrawal channel in partnership with Kazakhstan-based Bank CenterCredit, the company said.

This initiative marks a major step in building a secure and regulated crypto-fiat channel tailored for local users.

The partnership enables users of Bybit Kazakhstan to deposit and withdraw fiat funds in Kazakhstani tenge directly through their bank accounts at Bank CenterCredit, providing a smoother on-ramp and off-ramp to the crypto market via both Bybit Kazakhstan and Bank CenterCredit platforms.

The integration was designed to ensure speed, transparency, and full compliance with local regulations.

This collaboration between Bybit Kazakhstan and Bank CenterCredit is founded on a shared commitment to advancing digital finance in Kazakhstan.

BCC's track record in fintech innovation and strong position within the local banking ecosystem make it an ideal partner for expanding Bybit's local service offering.

The new fiat channel further positions Bybit Kazakhstan as a key player in the region's evolving fintech landscape.

With AFSA licensing in place and local partnerships strengthening, the platform is focused on delivering products that are not only globally competitive but also tailored to the needs of Kazakhstani users.

This launch follows the recent rollout of Bybit Kazakhstan's local platform, signaling the company's long-term commitment to building within the region.

The fiat channel is now live, and users can access it through their Bybit Kazakhstan and Bank CenterCredit accounts. Additional local features and payment integrations are in development, with further announcements expected in the near future.

Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70m users.

Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone.

With a strong focus on Web3, Bybit partners with blockchain protocols to provide infrastructure and drive on-chain innovation.