Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has officially launched its highly anticipated BTC Trading Competition. This event, which runs from November 19, 2024, at 10 AM UTC to December 10, 2024, at 10 AM UTC, celebrates Bitcoin’s remarkable surge to new all-time highs. It offers a massive prize pool of 50,000 USDT and features two distinct challenges designed to cater to both beginners and experienced traders.
Bybit’s BTC Trading Competition is open to traders of all experience levels, ensuring that everyone, from newcomers to seasoned professionals, has a chance to participate and win. The competition includes two main challenges:
The Beginner’s Trading Quest is designed for new traders looking to dip their toes into the world of cryptocurrency trading. To qualify, participants must achieve a minimum trading volume of $100 in BTC Perpetual contracts (BTCUSDT, BTCUSDC, or BTCUSD). The prize pool for this challenge is 10,000 USDT, which will be equally distributed among all eligible participants who meet the criteria.
For more experienced traders, the PnL Showdown offers a higher-stakes challenge with a 40,000 USDT prize pool. Participants must trade BTC Perpetual contracts and reach a minimum trading volume of $100,000. The rankings for this challenge will be determined based on Profit and Loss (PnL), with the top traders securing significant prizes. The first-place winner will receive a 6,000 USDT bonus, while the second-place and third-place winners will earn 4,000 USDT and 3,000 USDT bonuses, respectively. Additional rewards will be given to the top 50 performers, with 1,000 USDT for places 4–10 and 500 USDT for places 11–50.
To help participants perform at their best, Bybit offers a suite of advanced tools designed to make the competition more accessible and rewarding. One standout feature is Bybit’s Trading Bots, which allow traders to automate their strategies, ensuring efficiency and optimizing trading volume. For those who prefer to rely on proven trading strategies, Bybit’s Copy Trading feature allows users to mimic the strategies of top-performing traders, making it easier for participants to achieve success.
While the BTC Trading Competition is available to most traders, certain regions are excluded from participation. The competition is unavailable to users in Spain, Brazil, New Zealand, the Netherlands, and Hong Kong. However, for eligible traders worldwide, this competition represents a golden opportunity to turn Bitcoin’s exciting market movements into tangible rewards.
Founded in 2018, Bybit has grown rapidly to become the second-largest cryptocurrency exchange globally by trading volume. The platform serves over 50 million users and is known for its ultra-fast matching engine and 24/7 multilingual customer support. Bybit’s commitment to innovation and user experience is evident in its advanced trading features and its partnerships, including its collaboration with Oracle Red Bull Racing, the reigning Constructors’ and Drivers’ champions in Formula One.
Bybit continues to prioritize the needs of its users, providing them with the tools and resources they need to succeed in the competitive world of cryptocurrency trading.
Traders interested in participating in the BTC Trading Competition can easily register through Bybit’s platform. Once registered, participants will gain access to the event and can begin trading to maximize their chances of winning. The competition promises to offer a seamless and exciting trading experience, enhanced by Bybit’s state-of-the-art trading tools and robust ecosystem.
As the BTC Trading Competition kicks off, it offers a unique chance for traders of all skill levels to engage with the market, showcase their abilities, and earn significant rewards. With 50,000 USDT up for grabs and the potential for further Bitcoin price surges, this competition could be an exciting and profitable opportunity for the global trading community.
November 2024, Cryptoniteuae