Bybit Establishes $100 Million Corporate Business Support Fund

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Bybit, a cryptocurrency derivatives exchange, provided a new help fund to help institutional traders access liquidity after the collapse of FTX, triggering a new round of selling panic in the digital asset market.

After the demise of FTX earlier this month, market makers and high-frequency trading companies may use the $100 million support fund. Funds will be awarded to eligible candidates with 0% interest.

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