Is Bybit FDIC insured?

I'm curious, does Bybit offer FDIC insurance for its users' funds? I understand that many traditional financial institutions are backed by the FDIC, which provides a sense of security and protection for customers' deposits. So, I'm wondering if Bybit, as a cryptocurrency exchange, has similar insurance coverage in place to safeguard its users' assets. Could you clarify if Bybit is FDIC insured or if there are any other measures in place to protect user funds?