Sharjah, UAE – Bybit, the world’s third most visited crypto exchange, will contribute AED 1 million ($272,257) via a partnership with the American University of Sharjah (AUS) in a move to advance crypto adoption in the UAE.
The partnership will see the establishment of a scholarship fund that is likely to support 20 students to accelerate their academic and research career into fintech and blockchain at AUS.
Eligible computer science and computer engineering students will benefit from the Bybit Scholarship as soon as this fall.
Bybit is also committed to broader initiatives including an extra AED100,000 to sponsor a hackathon for the blockchain community in the UAE.
The first AUS-Bybit Inter-College Hackathon will be held at the AUS College of Engineering in the 2023-2024 academic year.
The UAE has recognized crypto’s “major role for UAE trade” and the flourishing crypto and blockchain industry in the UAE is testimony to the leadership’s vision.
Home to over 772 crypto companies in Dubai alone, the UAE is shaping up to be the epicenter of innovations in the digital assets industry and the demand for blockchain talent is expected to rise.
Bybit unveiled its Dubai headquarters in April 2023.