Bybit launches $100M help fund for institutional merchants By Cointelegraph

Crypto derivatives trade Bybit has launched a brand new help fund to assist institutional merchants entry liquidity within the wake of the FTX collapse — an occasion that triggered a recent wave of panic promoting throughout the digital asset area.

The help fund, valued at $100 million, is out there to market makers and high-frequency buying and selling establishments combating monetary or operational difficulties following the collapse of FTX earlier this month, Bybit disclosed on Nov. 24. The funds might be distributed to eligible candidates at a 0% rate of interest.