Crypto derivatives exchange Bybit has launched a new support fund to help institutional clients access liquidity. After the collapse of FTX, the event caused a panic in digital asset sales.
The $100 million support fund is available to Market Makers and institutional high-frequency trading clients experiencing financial or operational difficulties following the FTX meltdown earlier this month by Bybit. revealOn November 24th, the money will be distributed to eligible applicants. at 0% interest rate
Institutional clients must be active by Bybit or any other exchange, the maximum amount to be distributed per each subscriber is $10 million, and funds must be used for spot and Tether perpetual trading on Bybit.
refer : LINK
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