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Bybit Partners with AUS to Offer $272,000 Scholarships to High-Achieving Students

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Bybit Partners with American University of Sharjah to Offer Scholarships

Bybit, one of the world’s top cryptocurrency exchanges, has joined forces with the American University of Sharjah (AUS) to provide scholarships worth approximately $272,000 (AED 1 million) to exceptional students.

Bybit’s Collaboration with AUS

In June of this year, Bybit announced its partnership with AUS, and this scholarship initiative is a result of that collaboration. The initial memorandum signed between the two entities aims to support 20 students in their academic and research endeavors related to financial technology.

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Additionally, Bybit has expanded its operations to Cyprus and obtained a new license.

So far, the scholarship has benefited a total of 38 students, including 29 currently enrolled students and 9 new first-time students.

Dr. Fadi Aloul, Dean of the College of Engineering at AUS, expressed his thoughts on the initiative, stating:

“As a center of excellence for research and a catalyst for change, AUS recognizes its important role in producing professionals who possess the technical skills and knowledge that will allow them to thrive in dynamic markets and evolving industries. We also believe in the importance of working closely with our industry partners to meet their needs and bridge any gaps between academia and businesses. Our partnership with Bybit and the creation of the AUS-Bybit Fund Scholarship will empower our students in the fields of fintech and blockchain in an ever-growing digital world.”

In addition to the scholarships, Bybit has contributed an extra AED 100,000 to sponsor the AUS-Bybit Inter-College Hackathon, focusing on “Artificial Intelligence in Cryptography.”

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The AUS-Bybit Fund Scholarship

The AUS-Bybit Fund Scholarship aims to motivate students to actively contribute to the growth of crypto and blockchain. Its main goal is to provide students with financial support to pursue education and research in the field of decentralized finance.

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Recipients of the AUS-Bybit Fund Scholarship are chosen based on specific criteria, including academic standing, grade point average, and financial need. Additionally, students must primarily be enrolled in computer engineering and computer science degrees. The selected recipients represent a diverse group with exceptional talents and a strong interest in fintech and blockchain.

The scholarship, with a total endowment of one million dirhams, will cover 25% of tuition fees for the Fall 2023 and Spring 2024 semesters.

Ben Zhou, Co-Founder and CEO of Bybit, expressed his excitement about the scholarship initiative, saying:

“We couldn’t be more thrilled to finalize the details of our scholarship fund to support the bright minds at the American University of Sharjah. We are also honored that over the past few months, AUS and Bybit have nurtured a shared vision of empowering the next generation of fintech and blockchain pioneers. I hope this fund can fuel their exploration journeys and unleash the wave of innovation from the UAE that will shape the future of digital assets globally.”

Prior to the scholarship program, Bybit introduced a wealth management product in August, offering clients customized solutions and potential high returns with reduced risk.

Disclaimer: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users should conduct their own research before making any decisions regarding the mentioned company.

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