Wednesday, September 27

Bybit donates $ 134 million to BitDAO and joins Arbitrum Por CoinTelegraph

© Reuters. Bybit donates $ 134 million to BitDAO and joins Arbitrum

The news about crypto derivatives exchange Bybit was two-fold on Thursday, as the company announced via Twitter (NYSE:) its $134 million contribution to the BitDAO Treasury in the form of Ether (ETH), (USDT), and ( USDC), as well as the completion of the integration of Arbitrum’s layer 2 solution.

BitDAO currently has one of the largest decentralized treasuries and has recently funded a $200 million zkDAO to further develop zkSync and scale Ethereum. Bybit’s investment attests to its trust in BitDAO to lead and support DeFi projects. Bybit joins other sponsors such as Peter Thiel, Founders Fund, Pantera, Dragonfly and Spartan.

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