Bybit Pay integrates with Mesh to let 80 million users spend crypto without withdrawals

Bybit users can now spend their exchange balances across hundreds of platforms without ever moving their assets off the exchange. The world’s second-largest crypto exchange by trading volume has partnered with Mesh, the payments orchestration layer that quietly wired itself into the plumbing of crypto commerce.

The integration, announced on September 3, means Bybit’s roughly 80 million users can fund accounts or make direct payments on any Mesh-powered platform. No withdrawals, no conversions, no sending tokens to a separate wallet and hoping you copied the right address. Just spend.

What Mesh actually does

Think of Mesh as the Plaid of crypto payments. Where Plaid connects your bank account to fintech apps, Mesh connects your exchange and wallet balances to merchants and platforms that want to accept digital assets. The company, founded in 2020, has built a payments orchestration layer that sits between users’ existing crypto holdings and the businesses that want access to them.

Mesh’s network spans over 300 wallets and exchanges, supports more than 120 tokens, and operates across 24-plus blockchain networks. Instead of each merchant building individual integrations with Coinbase, Binance, MetaMask, and dozens of other platforms, they plug into Mesh once and get access to all of them.

Adding Bybit to that roster is significant. Bybit now sits alongside Coinbase and Binance as one of the major exchanges integrated into Mesh’s network, giving merchants on the platform access to one of the largest user bases in crypto.

On the merchant side, Mesh handles settlement flexibility. Businesses can choose to receive stablecoins, specific tokens, or fiat currency.

Why this matters for crypto payments

Mesh CEO Bam Azizi has framed the approach as meeting users where they already are. Most crypto holders keep the bulk of their assets on exchanges, not in self-custody wallets. Building payment rails that start from exchange balances, rather than requiring users to first move funds into a specific wallet, is a practical acknowledgment of how people actually behave.

The company has been building momentum in this direction. Mesh previously integrated with PayPal’s Pay with Crypto service, which signaled that traditional finance players see value in the orchestration layer model. The Bybit partnership extends that same logic deeper into the crypto-native ecosystem.

Mesh’s growing footprint

Mesh closed an $82 million Series B funding round that pushed it to unicorn status. The competitive landscape for crypto payments is crowded but fragmented. Companies like MoonPay and Transak focus primarily on on-ramps, converting fiat to crypto. Others like BitPay have long handled merchant-side crypto acceptance. Mesh occupies a different niche entirely: it doesn’t move money between fiat and crypto. It moves crypto between the places users already hold it and the places they want to spend it.

For Bybit, the partnership adds another utility layer to its platform at a time when exchanges are competing fiercely on more than just trading fees. Offering users the ability to spend their holdings without leaving the Bybit ecosystem makes the exchange stickier.

Merchants who integrate with Mesh now have access to Bybit’s 80 million users alongside the user bases of Coinbase, Binance, and hundreds of wallet providers. When the potential customer pool is that large and the settlement can happen in stablecoins or fiat, the downside case for merchants gets a lot thinner.

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