The Times Australia
News From Asia

.

Bybit Announces $100 Million Support Fund for Institutional Clients

Bybit looks to Kickstart Crypto Market with short-term stimulus package

DUBAI, UNITED ARAB EMIRATES - Media OutReach - 28 November 2022 - Bybit, the world’s 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 offer a helping hand to Bybit’s 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.

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.

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.

“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,” said Ben Zhou, co-founder and CEO of Bybit. “We are bullish that crypto will continue to empower people everywhere with the values of equal access to financial services, and decentralized power structures — and we will continue to do all we can to kickstart crypto, ignite the industry, and drive the future of financial services.”

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 Bybit on the following email: institutional_services@bybit.com

Hashtag: #Bybit #TheCryptoArk

The issuer is solely responsible for the content of this announcement.

About Bybit

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.

For more information please visit:

For updates, please follow Bybit's social media platforms on









Times Magazine

Building an AI-First Culture in Your Company

AI isn't just something to think about anymore - it's becoming part of how we live and work, whether we like it or not. At the office, it definitely helps us move faster. But here's the thing: just using tools like ChatGPT or plugging AI into your wo...

Data Management Isn't Just About Tech—Here’s Why It’s a Human Problem Too

Photo by Kevin Kuby Manuel O. Diaz Jr.We live in a world drowning in data. Every click, swipe, medical scan, and financial transaction generates information, so much that managing it all has become one of the biggest challenges of our digital age. Bu...

Headless CMS in Digital Twins and 3D Product Experiences

Image by freepik As the metaverse becomes more advanced and accessible, it's clear that multiple sectors will use digital twins and 3D product experiences to visualize, connect, and streamline efforts better. A digital twin is a virtual replica of ...

The Decline of Hyper-Casual: How Mid-Core Mobile Games Took Over in 2025

In recent years, the mobile gaming landscape has undergone a significant transformation, with mid-core mobile games emerging as the dominant force in app stores by 2025. This shift is underpinned by changing user habits and evolving monetization tr...

Understanding ITIL 4 and PRINCE2 Project Management Synergy

Key Highlights ITIL 4 focuses on IT service management, emphasising continual improvement and value creation through modern digital transformation approaches. PRINCE2 project management supports systematic planning and execution of projects wit...

What AI Adoption Means for the Future of Workplace Risk Management

Image by freepik As industrial operations become more complex and fast-paced, the risks faced by workers and employers alike continue to grow. Traditional safety models—reliant on manual oversight, reactive investigations, and standardised checklist...

The Times Features

Why Diversification Still Matters in a Volatile Economy

Market volatility, geopolitical conflicts, inflation fears—these are only some of the wild cards that render the current financial environment a tightrope to walk. Amidst all thi...

Specialised nutrition gains momentum in supporting those living with early Alzheimer's disease

With high public interest in Alzheimer’s disease, there is growing awareness of the important role nutrition plays in supporting memory and cognitive function in people diagnosed...

From clinics to comfort: how sleep retreats are redefining care in Australia

Australia is amid a sleep health crisis. Nearly 40% of adults report inadequate sleep, and the consequences are far-reaching, impacting everything from cardiovascular health to...

Is our mental health determined by where we live – or is it the other way round? New research sheds more light

Ever felt like where you live is having an impact on your mental health? Turns out, you’re not imagining things. Our new analysis[1] of eight years of data from the New Zeal...

Going Off the Beaten Path? Here's How to Power Up Without the Grid

There’s something incredibly freeing about heading off the beaten path. No traffic, no crowded campsites, no glowing screens in every direction — just you, the landscape, and the...

West HQ is bringing in a season of culinary celebration this July

Western Sydney’s leading entertainment and lifestyle precinct is bringing the fire this July and not just in the kitchen. From $29 lobster feasts and award-winning Asian banque...