Bybit will pay its employees generous bonuses from the founders’ personal income
Offshore cryptocurrency exchange Bybit announcedthat its founding team will use personal income to provide additional bonuses to employees. According to the official statement, employees will receive an additional bonus equivalent to 1-5 months of salary, depending on their position and length of service in the company.
This isn’t the first time Bybit has rewarded its staff generously. In January of this year, the exchange already paid out an annual bonus in the amount of three months’ salary per person. Bybit currently employs over 1,000 people. At the same time, at the end of 2022, the exchange fired about 30% of its staff and paid n + 3 compensation.
The issuance of additional bonuses indicates that the profits of offshore exchanges are still very high, despite regulatory pressure and competition in the market. Bybit also shows its respect and appreciation for its employees for their hard work and dedication. This can increase the motivation and loyalty of the staff, as well as attract new qualified employees to the company.
Bybit is a cryptocurrency exchange founded in 2018. Bybit is headquartered in Dubai, United Arab Emirates. The exchange offers its users spot trading of popular cryptocurrencies with low commissions, as well as various derivative products such as USDT Perpetual, Inverse Futures and Options. Bybit also has its own NFT Marketplace where you can buy and sell unique NFTs created by users from all over the world. According to CoingeckoBybit is now in the top 3 futures platforms in terms of open interest and trading volume.
Bybit recently announced it would cease operations in Canada due to the difficult regulatory environment in the country. Canadian authorities have introduced new rules for crypto companies that require them to obtain approval from the Canadian Securities Administrators (CSA) and prohibit the provision of leveraged trading services.
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