Bybit Expands Partnership with Thredd to Globally Scale Multi-Currency Crypto-Linked Debit Cards
Thredd, the leading next-generation global payments processor, today announced an expanded partnership with Bybit, the world’s second-largest cryptocurrency exchange by trading volume. The collaboration supports regional rollout of the Bybit Card—Bybit’s flagship multi-currency, crypto-linked payment card, bridging the gap between digital assets and everyday payments across key global markets.
Thredd’s processing platform is built to scale and navigate regulatory requirements across regions. With a single connection, Bybit can configure market-specific programs that meet local compliance needs while retaining centralized visibility. This flexibility has enabled Bybit to rapidly expand across multiple markets with more on the horizon.
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Over 2 million users worldwide trust the Bybit Card for what matters most: competitive cardholder rewards, true global access, and effortless crypto-to-fiat convenience. Bybit leverages Thredd’s infrastructure to issue both virtual and physical Visa and Mastercard payment cards, enabling its users to spend crypto holdings as fiat in real-time. The partnership also includes full wallet tokenization, allowing seamless integration with Apple Pay, Google Pay and Samsung Pay in addition to supporting multiple other digital wallets which are available in the market today. As Bybit expands its footprint, Thredd supports market entry through localized BIN issuance and real-time card control features.
“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 tokenization, and rapid onboarding in new markets.”
“Thredd’s platform is instrumental in helping us bridge the gap between crypto and everyday commerce. We have forged a strategic partnership in delivering a smooth, borderless payment experience for our users,” said 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.”
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The partnership demonstrates how crypto-native platforms like Bybit can deliver mainstream financial utility through the right infrastructure. With Thredd’s support, Bybit is setting the standard for what modern, crypto-connected payments can look like at a global scale.
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