Dubai, United Arab Emirates, October 1st, 2024,
Chainwire
Bybit, the world’s second-largest cryptocurrency
exchange by trading volume, is excited to unveil the World Series of Trading (WSOT) 2024, the
world’s longest-running crypto trading competition. This year, WSOT
pushes boundaries, integrating centralized and decentralized
trading, allowing participants to experience the trustless trading
of the future.
Game-Changing Features Traders
Will Love
Individual traders can battle in three
arenas depending on their capital size: lightweight, middleweight,
and heavyweight. With separate prize pools for each league, the
competition is fairer and ensures that talent wins the day, not
account size.
Furthermore, traders can add up to four
subaccounts within their Unified Trading Account (UTA) and rack up
PnL across multiple accounts and markets, increasing their chances
of winning. Bybit’s UTA calculates margin across positions, unifies
collateral, and improves capital efficiency so traders can operate
multiple positions from one account, making it a killer tool for
the rigors of competitive trading.
Expanding into Decentralized
and Centralized Trading
WSOT also includes Bybit Web3’s DEX Pro
trading platform so participants can trade over 1 million
decentralized tokens, including memecoins, DeFi, GameFi, and more.
Participants can also take part in the first-ever Web3 Idol
competition.
To play, traders earn votes through
trading and completing daily tasks. Voters can support up to three
projects daily and have the chance to win from a 1,000,000 MNT
prize pool, including a 600,000 MNT grand prize for those who vote
for the winning project and 200,000 MNT daily rewards. The winning
project will receive exclusive CEO backing, prime listing, and
marketing support, making it a key event in shaping the future of
Web3.
Over 100 ecosystem partners and
decentralized projects such as MomoAi and Tars Protocol from
Solana, and Catizen, KTX Finance via Mantle will participate in the
DEX Pro competition as part of WSOT. By marrying centralized (CEX)
and decentralized (DEX) trading, all crypto lovers can experience
the wave of the whole ecosystem.
“Bybit aims to create industry best practices for
onboarding users for both CEX and DEX to help create a broader
landscape of crypto adoption,” said Ben Zhou, co-founder and CEO.
“By combining these two elements, we are enabling the smaller
projects and specialist traders to rise up the competition
ranks.”
10,000,000
Prize Pool and Participation Details
The prize pool for WSOT 2024 is bigger
and better, with rewards including yacht cruises, Rolex watches,
world travel tickets, and up to 10,000,000 USDT. The more
participants join, the larger the prize pool grows, making this
year’s competition the juiciest in crypto.
To participate, simply sign up for WSOT
when the event opens on October 1 and maintain at least $500 in
your Bybit UTA account. All participants can invite friends to join
WSOT and get more chances in the lucky draw.
Over the years, Bybit’s WSOT has grown
to historic heights, with nearly 117,000 traders entering
competitions between 2020 and 2022. And in 2023, the competition
attracted almost 120,000 traders globally. This resulted in a
remarkable year-on-year trading volume surge of 42%, reaching a
total trading volume of 70.5 billion.
#Bybit / #TheCryptoArk / #WSOT2024
About Bybit
Bybit is the world’s second-largest
cryptocurrency exchange by trading volume, serving over 50 million
users. Established in 2018, Bybit provides a professional platform
where crypto investors and traders can find an ultra-fast matching
engine, 24/7 customer service, and multilingual community support.
Bybit is a proud partner of Formula One’s reigning Constructors’
and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, users can
visit Bybit Press.
For media inquiries, users can contact:
media@bybit.com
For more information, users can visit:
https://www.bybit.com
For updates, users can follow: Bybit's Communities and Social
Media
Contact
Head of PR
Tony
Au
Bybit
tony.au@bybit.com