Bybit To Aid Institutional Traders By Launching $100M Support Fund

HomeCrypto exchanges
Share this article
Subscribe for weekly updates
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Ben Zhou; Photo Source: Bybit
In the words of Ben Zhou, the Co-Founder and CEO of Bybit, “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.”

Crypto exchange Bybit announced its plans to launch a $100M support fund to help institutional traders and market makers brave the current market conditions.

According to its blog post, Bybit will provide credit facilities to high-frequency trading (HFT) institutions that are active on Bybit or other exchanges. Bybit noted the funds will help trading firms that are suffering from operational difficulties following FTX’s collapse. 



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


“The last two weeks have sent shockwaves across the crypto industry following the FTX saga. Traders and organizations alike have been negatively affected, plagued by financial and/or operational difficulties.”

The amount loaned to these firms will vary depending on individual requests, with each client eligible to receive a maximum of $10M. Moreover, the funds can only be used for spot and perpetual Tether (USDT) trading on Bybit.

The news came a few days after Binance started raising funds to protect troubled crypto projects from liquidity crises.  

Written by
Ayush Pande
In the words of Ben Zhou, the Co-Founder and CEO of Bybit, “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.”

Crypto exchange Bybit announced its plans to launch a $100M support fund to help institutional traders and market makers brave the current market conditions.

According to its blog post, Bybit will provide credit facilities to high-frequency trading (HFT) institutions that are active on Bybit or other exchanges. Bybit noted the funds will help trading firms that are suffering from operational difficulties following FTX’s collapse. 



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


“The last two weeks have sent shockwaves across the crypto industry following the FTX saga. Traders and organizations alike have been negatively affected, plagued by financial and/or operational difficulties.”

The amount loaned to these firms will vary depending on individual requests, with each client eligible to receive a maximum of $10M. Moreover, the funds can only be used for spot and perpetual Tether (USDT) trading on Bybit.

The news came a few days after Binance started raising funds to protect troubled crypto projects from liquidity crises.  

Written by
Ayush Pande