#Cryptocurrency #USA #Bybit #Dubai #Rising Fund

Bybit Launches Rising Fund to Revolutionize Crypto Education Worldwide

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has just announced the introduction of the Bybit Rising Fund, a groundbreaking Corporate Social Responsibility initiative aimed at fundamental changes in cryptocurrency education. With a presence spanning over 15 regions across four continents, including Bolivia and South Africa, this fund represents a shift from traditional charitable donations to sustainable, mutually beneficial partnerships focused on education that will benefit communities in the long term.

Redefining Crypto CSR

The Rising Fund makes its debut as part of Bybit's 2025 World Series of Trading (WSOT), themed “Rewrite Reshape.” This year, the competition goes beyond trading to make a real impact, allocating a portion of the prize pool to local educational initiatives aimed at demystifying abstract blockchain concepts for academics, researchers, developers, innovators, and students alike. This contribution to philanthropic and educational efforts forms a core part of WSOT, the longest-running crypto trading competition of its kind, which captivates millions of traders each year.

In a historic first, Bybit is decentralizing control of the CSR prize pool across various regions, granting areas ranging from Latin America and Southeast Asia to MENA countries and Europe the opportunity to fund and design educational programs, scholarships, and hackathons collaboratively with local agencies. This approach not only enhances local project accountability but also empowers those on the ground to innovate and craft initiatives that suit their specific needs and circumstances. Together, local task forces will collaboratively shape a blockchain-capable future tailored to their unique conditions.

Reimagining Access to the Industry

The Rising Fund targets critical barriers to entry within the blockchain and cryptocurrency landscape. Initiatives include:

• - Bootcamps for Beginners on blockchain and crypto, providing entry-level education to demystify complex topics.
• - Scholarships and Financial Aid targeting underserved communities, facilitating access to educational resources.
• - Collaborative Hackathons bringing key players together to foster innovation within the cryptocurrency space.

Ben Zhou, co-founder and CEO of Bybit, commented, "The Rising Fund embodies our commitment to extend the legacy of WSOT through low-barrier, real educational offerings that are more than just a goodwill gesture. By cultivating strategic partnerships, Bybit aims to create lasting value and position cryptocurrency as a catalyst for real-world benefits and social mobility."

With specific conditions and user requirements in place, detailed rules and regulations can be found on the official WSOT 2025 site, offering further insights into this innovative competition.

About Bybit

Founded in 2018, Bybit is recognized as the second-largest cryptocurrency exchange globally, serving a community of over 70 million users. Bybit redefines openness within the decentralized world by fostering a simpler, more equitable ecosystem for everyone. With a strong emphasis on Web3, Bybit concentrates on forming strategic partnerships with leading blockchain protocols to provide robust infrastructure while advancing on-chain innovations. Known for its secure custodianship, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between traditional finance (TradFi) and decentralized finance (DeFi), enabling developers, creatives, and enthusiasts to unlock the full potential of Web3.

Explore the future of decentralized finance at Bybit.com. For media inquiries, please contact [email protected]. To stay updated, follow Bybit's communities and social media platforms including Discord, Facebook, Instagram, LinkedIn, Reddit, Telegram, TikTok, X, and Youtube.