Thredd has announced an expanded partnership with Bybit, the world’s second-largest cryptocurrency exchange by trading volume.

The collaboration supports the regional expansion of the Bybit Card, a multi-currency, crypto-linked payment card designed to connect digital assets with everyday transactions across key markets.

Thredd’s processing platform enables Bybit to scale operations and address regulatory requirements across regions through a single integration.

The platform allows market-specific programme configurations that meet local compliance needs while maintaining central oversight.

This setup has allowed Bybit to expand across several markets, with further growth planned.

More than two million users currently use the Bybit Card for features such as cardholder rewards and crypto-to-fiat payment capabilities.

Bybit uses Thredd’s infrastructure to issue both virtual and physical Visa and Mastercard cards, enabling users to spend cryptocurrency holdings as fiat in real time.

The partnership also includes wallet tokenisation, supporting integration with Apple Pay, Google Pay, Samsung Pay, and other digital wallets.

Thredd also facilitates localised BIN issuance and real-time card controls to support market entry.

“Bybit is building the next era of digital finance, and Thredd is proud to help turn their crypto vision into real-world utility,”

said Jim McCarthy, CEO of Thredd.

“Our platform empowers them to scale globally with secure card issuing, wallet tokenisation, and rapid onboarding in new markets.”

“Thredd’s platform is instrumental in helping us bridge the gap between crypto and everyday commerce,”

added Sophie Chen, Head of Marketing, Payment Business Unit at Bybit.

“Their multi-currency BIN setup, wallet integrations, and agile tech stack allow us to move quickly and compliantly, no matter the region.”

Featured image credit: Edited by Fintech News Switzerland, based on image by EyeEm via Freepik