Austrian crypto-asset service provider Bybit EU has integrated PayPal as a fiat funding and withdrawal method.
The option will be available across European Economic Area (EEA) markets where the platform operates.
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Bybit EU said PayPal has been built directly into its deposit and withdrawal flows, aiming to reduce “key barrier” for newcomers.
The company added that users can now access crypto using the same payment method they already use for everyday purchases.
Bybit EU operates under the EU’s Markets in Crypto-Assets (MiCA) regulatory framework.
“The addition of PayPal is therefore more than a convenience upgrade. It represents a commitment to building a safe and trusted digital finance ecosystem in Europe,” the statement said.
With PayPal, users can fund a Bybit EU account or withdraw crypto proceeds without opening new accounts or waiting for bank transfers, the company said.
To support the launch, Bybit EU and PayPal will run a co-branded rewards campaign, allowing users to earn up to €30 ($34.6) worth of BTC in incentives when topping up via PayPal.
Bybit EU also said users who download or update to the latest app version will receive zero Bybit fees on fiat deposits made through PayPal for a limited time.
Bybit EU co-CEO Mazurka Zeng said: “Integrating PayPal is an important milestone in our mission to offer secure, compliant and intuitive access to digital assets.
“This collaboration aligns trusted payments with a regulated trading environment and gives users even greater confidence when entering the crypto space.”
PayPal senior vice president and general manager for Europe Samba Natarajan said: “As more consumers engage with crypto, trusted payment experiences are key to driving broader use of digital assets.
“By providing a fiat payment and withdrawal option to enable crypto -transactions on Bybit EU, we’re giving our users seamless access to the growing digital assets ecosystem with the same security and confidence they know PayPal for.”
