{"id":78484,"date":"2022-11-28T10:48:33","date_gmt":"2022-11-28T10:48:33","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=103311"},"modified":"2022-11-28T10:48:33","modified_gmt":"2022-11-28T10:48:33","slug":"bybit-announces-100-million-support-fund-for-institutional-clients","status":"publish","type":"post","link":"https:\/\/kuwaitnewsgazette.com\/bybit-announces-100-million-support-fund-for-institutional-clients\/","title":{"rendered":"Bybit Announces $100 Million Support Fund for Institutional Clients"},"content":{"rendered":"

Bybit looks to Kickstart Crypto Market with short-term stimulus package<\/p>\n

DUBAI, UNITED ARAB EMIRATES –\u00a0Media OutReach<\/strong><\/a>\u00a0– 28 November 2022 – Bybit<\/a>, the world\u2019s third most visited crypto exchange, has announced the launch of a $100 million support fund to shore up institutional market makers during this challenging period in the crypto industry.<\/p>\n

The fund will offer a helping hand to Bybit\u2019s dedicated institutional clients with a maximum of up to $10 million per client available and is intended to support the industry as the fallout from recent events continues.<\/p>\n

Bybit says it will use the fund to support any of its institutional clients that require it. The offer is open to existing customers, as well as new institutional customers who join the crypto exchange. In addition to the support fund, Bybit will also provide dedicated account managers to provide support with the application once the client has become a verified KYB (Know Your Business) user.<\/p>\n

Bybit took the decision to help strengthen market makers and institutional clients given their importance to the broader market. Bybit hopes the stimulus package will act as a catalyst and help ignite the recovery of the industry as a whole – and represent an important move toward greater industry wide stability.<\/p>\n

\u201cWe are all in this together, and it\u2019s up to everyone to do what they can to support our industry and this is one way we are helping to give back,\u201d said Ben Zhou, co-founder and CEO of Bybit. \u201cWe are bullish that crypto will continue to empower people everywhere with the values of equal access to financial services, and decentralized power structures \u2014 and we will continue to do all we can to kickstart crypto, ignite the industry, and drive the future of financial services.\u201d<\/p>\n

Institutional tracers and high frequency traders interested in accessing the fund should reach out to their dedicated account manager. New customers should reach out to\u00a0 Bybit on the following email: institutional_services@bybit.com<\/a><\/p>\n

#Bybit \/ #TheCryptoArk<\/p>\n

About Bybit<\/strong><\/p>\n

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR), City Esports, and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.<\/p>\n

For more information please visit: https:\/\/www.bybit.com\/<\/a><\/p>\n

For updates, please follow Bybit’s social media platforms on<\/p>\n

\u00a0https:\/\/discord.com\/invite\/bybit<\/strong><\/a>
\n<\/u><\/strong>\u00a0https:\/\/www.facebook.com\/Bybit<\/strong><\/a>
\n<\/u><\/strong>\u00a0https:\/\/www.instagram.com\/bybit_official\/<\/strong><\/a>
\n<\/u><\/strong>\u00a0https:\/\/www.linkedin.com\/company\/bybitexchange\/<\/strong><\/a>
\n<\/u><\/strong>\u00a0https:\/\/www.reddit.com\/r\/Bybit\/<\/strong><\/a>
\n<\/u><\/strong>\u00a0https:\/\/t.me\/BybitEnglish<\/strong><\/a>
\n<\/u><\/strong>\u00a0https:\/\/www.tiktok.com\/@bybit_official<\/strong><\/a>
\n<\/u><\/strong>\u00a0https:\/\/twitter.com\/Bybit_Official<\/strong><\/a>
\n<\/u><\/strong>\u00a0https:\/\/www.youtube.com\/c\/Bybit<\/strong><\/a><\/p>\n

\u00a0<\/strong>For media inquiries, please contact: press@bybit.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bybit looks to Kickstart Crypto Market with short-term stimulus package DUBAI, UNITED ARAB EMIRATES \u2013\u00a0Media OutReach\u00a0\u2013 28 November 2022 \u2013 Bybit, the world\u2019s third most visited crypto exchange, has announced the launch of a $100 million support fund to shore up institutional market makers during this challenging period in the crypto industry. The fund will [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"yoast_head":"\nBybit Announces $100 Million Support Fund for Institutional Clients - Kuwait News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kuwaitnewsgazette.com\/bybit-announces-100-million-support-fund-for-institutional-clients\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bybit Announces $100 Million Support Fund for Institutional Clients - Kuwait News Gazette\" \/>\n<meta property=\"og:description\" content=\"Bybit looks to Kickstart Crypto Market with short-term stimulus package DUBAI, UNITED ARAB EMIRATES \u2013\u00a0Media OutReach\u00a0\u2013 28 November 2022 \u2013 Bybit, the world\u2019s third most visited crypto exchange, has announced the launch of a $100 million support fund to shore up institutional market makers during this challenging period in the crypto industry. 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