Crypto exchange Bybit_Official set up a $100 million fund to support institutional clients and market makers. egreechee reports
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. Bybit, the 35th largest exchange by trading volume according to CoinMarketCap, joins Binance, the largest, in trying to turn the industry tumult of the past few weeks into an opportunity. The crypto market has lost two-thirds of its value in a year and has been roiled by the collapse of large market participants.
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