AltSchool Africa teams up with Bybit to offer 1,000 scholarships, just months after Binance deal
On Tuesday, March 18, 2025, AltSchool Africa announced an exciting new partnership with Bybit, one of the largest cryptocurrency exchanges in the world, to offer 1,000 scholarships to young Africans.
This initiative will give the scholarship recipients access to AltSchool Africa’s Diploma program, which includes courses in software engineering, data analytics, and product management.
This partnership comes just four months after AltSchool teamed up with Binance, the world’s largest crypto exchange. Now, AltSchool Africa is working with two of the biggest players in the crypto space to help African students develop essential digital skills.
In 2024, a ranking by DeFiLama, a DeFi data aggregator, showed that Binance led the crypto exchange market with $23 billion in customer deposits, while Bybit ranked second with over $8 billion in deposits. Both exchanges are committed to helping equip Africans with the digital skills necessary to thrive in today’s tech-driven world. As cryptocurrency adoption continues to grow across Africa, these partnerships may also help prepare students for future jobs in the crypto sector.
According to the 2024 Global Crypto Adoption Index by Chainalysis, Nigeria ranks second in the world for crypto adoption, making it a key market in the region. However, it’s important to note that Nigerians are excluded from the Binance partnership with AltSchool, which offers both fully and partially funded scholarships for courses like content creation, sales, and product design. In contrast, the Bybit partnership covers all African nations, providing opportunities for young people across the continent.
Adewale Yusuf, CEO of AltSchool Africa, expressed the importance of the partnership, saying, “It goes beyond a traditional scholarship program. It represents a shared vision for a future where young Africans are not only tech-savvy but also empowered to lead their communities into a prosperous digital age.”
Joshua Yau, Bybit’s Head of Africa, added, “It’s about investing in human capital and demonstrating that technology can be a force for positive change.”
Bybit, which recently suffered a $1.5 billion hack—the largest in crypto history—may be particularly interested in boosting its pool of technical talent, particularly in fields like cybersecurity.
With major crypto exchanges like Binance and Bybit showing a strong interest in supporting Africa’s digital future, other exchanges such as KuCoin and MEXC could follow suit in offering similar initiatives.
