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Bybit Introduced a $100 Million Fund to Support Institutional Clients

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Bybit, a cryptocurrency exchange, announced on Thursday that it had created a $100 million fund to aid institutional clients “during this challenging period in the crypto industry,” the company said Thursday” . Bybit would provide specialized account managers as well as existing and new market makers on its platform with up to $10 million.

“We are all in this together, and it’s up to everyone to do what they can to support our industry and this is one way we are helping to give back,” Bybit CEO and co-founder Ben Zhou said in the statement.

Bybit joins Binance, the biggest, in attempting to seize an opening presented by the recent turmoil in the industry.


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