Dubai, United Arab Emirates, November 14th, 2024, Chainwire

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, expresses deep sadness over the catastrophic floods that have devastated Valencia and other regions in Spain. The damage is extensive, resulting in over 200 fatalities, thousands displaced, and substantial infrastructure destruction. Economic losses are estimated in the billions of euros, also impacting the environment.

As part of its commitment to social responsibility, Bybit is collaborating with the local non-profit organization, Admundi, to provide urgent financial assistance to those most affected. Admundi is dedicated to enhancing the lives of impoverished children and is currently mobilizing resources to aid flood victims. Bybit’s contributions will directly support families who have lost their homes and belongings, helping them to rebuild their lives and recover from this tragedy.

> “The scale of destruction caused by these floods is heartbreaking,” said Helen Liu, Chief Operating Officer at Bybit. “We are committed to standing with the people of Spain during this difficult time. By partnering with Admundi, we aim to provide immediate relief and long-term support to those who need it most.”

Bybit will continue to closely monitor the situation and may offer further assistance as necessary.

Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform with an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.

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Contact
Head of PR
Tony Au
Bybit
tony.au@bybit.com

This article was originally published on Chainwire