Bybit has invested $1 million in EthicHub through the Blockchain for Good Alliance, using blockchain to provide fair financing for smallholder coffee farmers.
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| Bybit’s $1 million investment in EthicHub supports blockchain-powered financial solutions for smallholder coffee farmers, ensuring fair access to credit and markets. Image: Bybit |
Dubai, UAE — February 24, 2025:
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a $1 million investment in EthicHub, a blockchain-based financial platform that supports smallholder coffee farmers. The investment, made through the Blockchain for Good Alliance (BGA), aims to transform agricultural finance by providing fair credit lines and eliminating exploitative lending practices.
EthicHub enables farmers to access ethical loans, bypassing traditional financial barriers that often leave them vulnerable to predatory lenders. Bybit’s funding will establish the Bybit Pool, a dedicated fund within the EthicHub ecosystem designed to provide small and medium-sized coffee farmers with fair financing. This initiative not only helps farmers secure stable funding but also allows them to sell their coffee at fair market prices, boosting their livelihoods.
"Blockchain has the power to unlock new financial opportunities for those historically excluded from traditional banking systems," said Helen Liu, Chief Operating Officer at Bybit. "Our $1 million investment in EthicHub reinforces Bybit's commitment to using innovation for real-world impact, proving that blockchain can be both profitable and transformative."
For farmers like Neri Ortiz in Motozintla, Mexico, EthicHub has already changed lives. Before gaining access to blockchain-backed financing, Ortiz and his cooperative struggled with unstable coffee prices and high-interest loans. With fair funding, they were able to invest in sustainable farming techniques, improve coffee quality, and secure direct sales to specialty buyers—transforming not only their incomes but their long-term financial security.
Bybit’s investment ensures that more farmers like Ortiz can escape financial hardship, build sustainable businesses, and thrive in global markets. "Bybit’s commitment is a game-changer for our mission," said Gabriela Chang, CSO & Co-founder of EthicHub. "This investment will directly support smallholder coffee farmers, enabling them to increase productivity, access fair financing, and secure better market opportunities."
The initiative highlights blockchain’s potential to drive real-world economic change, proving that decentralized finance can provide practical solutions for pressing global challenges. Through the Blockchain for Good Alliance, Bybit continues to bridge the gap between technology and social impact, ensuring blockchain innovation benefits those who need it most.