Bybit Plans to Launch IBAN Accounts Under MyBank Brand
- New Account Features: Bybit plans to launch IBAN accounts under the “MyBank” brand in February, supporting 18 fiat currencies through partnerships with institutions like Pave Bank, aimed at enhancing users' cross-border payment capabilities.
- Compliance Challenges: Despite operating in over 200 jurisdictions with 81 million users, Bybit is blocked from major Western markets due to regulatory restrictions, facing increased compliance burdens that complicate its banking ambitions.
- Security Commitment: Following the largest cryptocurrency exchange hack in history, Bybit has committed to maintaining a 1:1 backing of user assets and aims to achieve $7.1 billion in trading volume by the end of 2025, striving to restore user trust.
- Market Expansion Goals: Bybit's long-term objective includes entering the U.S. market and pursuing a public listing, although it requires a licensed partner, indicating its intent to expand into traditional financial services.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0182 | 0.00378 | 0.022 | 0.044 | 0.0622 | 0.0842 | 0.102 |
| Fibonacci | 0.00378 | 0.0191 | 0.0286 | 0.044 | 0.0593 | 0.0688 | 0.0842 |
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