Bybit Exchange’s Founder Uses Personal Income To Bonus Employees

Bybit Exchange recently made an exciting announcement showcasing its commitment to its employees and dedication to the crypto industry’s growth. The company’s founder team has decided to utilize the personal income to issue additional bonuses to its employees, equivalent to 1-5 months’ salary.

Bybit Exchange announced that its founder team will use personal income to issue additional bonuses. Employees will receive an additional bonus equivalent to 1-5 months salary. It shows that the profits of offshore exchanges are still very high.

Bybit already issued a year-end…

— Wu Blockchain (@WuBlockchain) June 9, 2023

Previously, Bybit had already distributed a generous year-end bonus of three months’ salary per employee in January of this year. With a current workforce of over 1,000 people, the company had faced some restructuring at the end of 2022, reducing about 30% of its staff. However, Bybit ensured that those affected received compensation through an n+3 package, demonstrating its commitment to supporting its employees.

Additionally, the exchange reportedly unveiled a strategic partnership with the esteemed Dubai Multi Commodities Centre (DMCC), a leading global business district. This collaboration aims to accelerate the mass adoption of cryptocurrencies in Dubai and strengthen Bybit’s investment in the Web3 ecosystem within the emirate. Bybit has become an official Ecosystem Partner for the DMCC Crypto Centre, the MENA region’s largest hub for crypto and Web3 businesses.

The partnership between Bybit and DMCC includes a Memorandum of Understanding (MOU) to support the growth of the crypto community in the region. As part of this agreement, Bybit has pledged financial support amounting to AED 500,000 to nurture the growth journeys of 15 new Web3 companies at the DMCC Crypto Centre. To qualify for this opportunity, these start-ups must meet the standard compliance and due diligence checks required by DMCC.

Bybit will also serve as DMCC’s crypto listing partner and offer assistance in various blockchain-related projects. The exchange will actively provide advisory and guidance at the DMCC Crypto Centre, sharing its firsthand insights and technical expertise to help young projects succeed and gain listings on the Bybit platform.

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