Crypto Exchange Bybit Announces $100 Million Fund - Coinleaks
Current Date:September 21, 2024

Crypto Exchange Bybit Announces $100 Million Fund

Cryptocurrency exchange Bybitto support corporate customers 100 millionannounced that it has set up a $

In the crypto money market, which has had busy days in the bear trend, the responsibilities of the stock markets are also increasing. Popular cryptocurrency exchange of FTX The collapse it experienced and the subsequent bankruptcy events deeply affected the sector. While liquidity problems started in the sector, stock markets had to adapt to the principle of transparency. Especially Binancebecame the pioneer of the steps in the sector. Binance’s The proof of reserve has driven other exchanges to follow. In addition, data service providers began tracking this proof of reserve. After all processes Bybitannounced the creation of a new fund.

Bybit Allocates $100 Million To Corporate Customers

Popular cryptocurrency exchanges Bybitannounced its new funds for institutional clients and market makers.

According to the statement from the company, in the crypto industrydue to difficult processes 100 millionA dollar fund was created. This fund has been reserved so that corporate customers do not have difficult days. In addition, the company has also funded existing or new market makers on its platform. Company, 10 millionHe also allocated a $ budget to market makers and special account managers.

BybitCEO and co-founder Ben Zhoustated that they will do their best to support the industry.

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