Financial news

Crypto exchange, Bybit continues to support crypto education and adoption in the UAE as it awards scholarships to 38 high-achieving students at the American University of Sharjah (AUS).

Following its partnership announcement with AUS in June 2023, Bybit’s scholarship aims to encourage and support studies and research in the fintech and blockchain fields. The AUS-Bybit Fund Scholarship has a total funding pool of AED one million. It decided which candidates would take part based on their academic standing, grade point average, and need.

“As a centre of excellence and research and a catalyst for change, AUS is mindful of its important role in producing professionals who possess the skills and technical knowledge that allow them to grow in dynamic markets and evolving industries,” said Dr. Fadi Aloul, dean of the college of engineering at AUS.

“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 establishment of the AUS-Bybit Fund Scholarship will empower our students in the fintech and blockchain fields in a digital world that is constantly growing,”

Covering tuition and encouraging education

The scholarship will cover 25 per cent of tuition fees for both the Fall 2023 and Spring 2024 semesters. Recipients include 29 currently enrolled students who will each receive a 25 per cent tuition reduction. Furthermore, nine new first-time students will also each receive a 25 per cent tuition reduction. The selected students mainly major in computer engineering and computer science.

“We could not be more thrilled to finalize details of our scholarship fund to support bright minds at AUS,” said Ben Zhou, co-founder and CEO of Bybit. “AUS and Bybit have nurtured a shared vision of empowering the next generation of fintech and blockchain pioneers.

“The trailblazing spirit of the 38 recipients reminds me of my own beginnings. I hope this fund can fuel their journeys of discovery and unleash a wave of innovation from the UAE that will shape the future of digital assets globally.”

Bybit is also contributing AED 100,000 to sponsor the first AUS-Bybit Inter-College Hackathon themed Artificial Intelligence in Crypto for current university students in the UAE ecosystem. The hackathon will be held at the AUS College of Engineering in November.