Cryptocurrency exchange ByBit has established a fund specifically to support its large customers.
The press center of the company specified that the capital of the fund is $100 million. It is created specifically to support institutional investors. Managers who work with clients, as well as market makers of the exchange will be able to receive up to $10 million from the ByBit administration.
According to CoinMarketCap, ByBit ranks 35th among cryptocurrency exchanges in terms of trading volume. Thus, it joins Binance, which earlier also announced the establishment of a $1 billion fund to support troubled projects.