Crypto Exchange Bybit Announces $100 Million Fund to Support Institutional Clients

Crypto exchange Bybit has established a $100 million fund to support institutional clients, "during this challenging period in the crypto industry," the company said Thursday.

Bybit will offer up to $10 million to existing and new market makers on its platform, as well as dedicated account managers, it said in an emailed statement. "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.