Bybit has expanded its partnership with Thredd as it races to scale the Bybit Card, the exchange’s multi-currency, crypto-linked payment card, across new regions, the companies announced today. The move aims to make it easier for users to spend crypto balances in everyday commerce by combining traditional card rails with on-demand crypto-to-fiat conversion and modern wallet integrations.
Thredd, which bills itself as a next-generation global payments processor, will provide the processing backbone that lets Bybit issue both virtual and physical Visa and Mastercard cards while navigating local regulatory and compliance requirements. That single connection to Thredd’s platform, the companies say, will allow Bybit to configure market-specific programs while keeping centralized oversight, a combination they argue is essential for rapid, compliant expansion.
Over two million cardholders already use the Bybit Card, attracted by competitive rewards, global acceptance and the convenience of converting crypto to fiat in real time. Bybit leverages Thredd’s infrastructure not only to issue cards, but to support full wallet tokenization for seamless integration with Apple Pay, Google Pay and Samsung Pay, as well as other digital wallets available in different regions. As Bybit grows its footprint, Thredd will assist with localized BIN issuance and real-time card-control features that make issuing and managing cards easier for both the issuer and the end user.
“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.”
Bringing Crypto Payments to Everyday Commerce
The partnership shows a broader trend among crypto-native companies seeking to marry decentralized asset ownership with legacy financial infrastructure. Bybit, founded in 2018 and today claiming more than 70 million users, positions the card as a bridge between TradFi and DeFi, a tool that enables both on-chain innovation and off-chain spending in a seamless user experience.
Thredd, meanwhile, stresses its role as a scalable partner for fintechs and digital banks. The processor says it handles billions of debit, prepaid and credit transactions annually and supports more than 100 fintechs, digital banks and embedded finance providers across 47 countries. That scale, the firm argues, is what makes it possible to offer localized issuing and compliance while maintaining global controls.
For users, the practical benefits are straightforward: the ability to spend crypto holdings without manual conversion, access to virtual and physical cards accepted on Visa and Mastercard networks, and the convenience of adding cards to mobile wallets for contactless payments. For Bybit, the expanded tie-up with Thredd is a way to accelerate market entry and adapt offerings to local rules, a necessary capability in a regulatory patchwork that differs sharply from country to country.
As competition in crypto payments heats up, partnerships like this one highlight how infrastructure providers can tilt the balance for exchanges that want to move quickly into consumer payments. Bybit’s decision to rely on Thredd’s issuing, tokenization and onboarding tools shows that mainstream card acceptance for crypto users is more likely to come from smart partnerships than from exchanges trying to build everything themselves.
The expanded tie-up should make spending crypto as simple as using a regular card for millions of people, and could become a playbook for other crypto platforms looking to turn digital assets into everyday purchasing power.
