The crypto debit card market in Europe is witnessing a changing of the guard as Binance closes its service and Bybit expands its own. In late October, Binance announced its Visa debit card will be wound up by the end of December. Around the same time, Bybit unveiled a new promotion to entice European citizens to sign up for its Mastercard.
Bybit Unveils Trio of Bonuses for New Users
Bybit only introduced its card in March for European residents, but the debit Mastercard has already proven popular. It’s likely to attract plenty of new customers now that Binance is exiting the region in terms of debit card provision, with the appeal of the Bybit Card bolstered by a trifecta of signup bonuses. There’s a 10EUR bonus for new users who apply for a Bybit Card plus another 5EUR for making the first transaction with the Mastercard. Holders who also make a first deposit to Bybit will be eligible for another 10EUR bonus.
“The Bybit Card represents our commitment to fostering widespread cryptocurrency adoption in the real world,” said Bybit CEO Ben Zhou. “We firmly believe that cryptocurrencies should serve as more than mere digital assets; they should be a convenient and tangible method of payment for individuals in their day-to-day transactions.”