Bybit, the second-largest cryptocurrency exchange by trading volume, has announced a BTC Trading Competition to celebrate Bitcoin’s record-breaking all-time high. The event, which runs from November 19 to December 10, 2024, invites traders of all levels to participate in two challenges with a combined prize pool of 50,000 USDT.
Per the announcement, competition features two events: the Beginner’s Trading Quest and the PnL Showdown.
New traders can compete in the Beginner’s Quest by trading BTC Perpetual contracts with a minimum $100 trading volume to share a 10,000 USDT prize pool.
Advanced traders can enter the PnL Showdown by achieving $100,000 in trading volume, with rewards based on profit and loss rankings. The top trader will win 6,000 USDT, and rewards extend to the top 50 participants.
To support participants, Bybit offers advanced tools like Trading Bots for automated strategies and Copy Trading to follow top traders. These features make the event accessible to both beginners and experienced traders.
Event Details
Event 1: Beginner’s Trading Quest
Prize Pool: 10,000 USDT Bonus
Challenge: Trade any BTC Perpetual contracts (BTCUSDT, BTCUSDC, BTCUSD) and accumulate a minimum trading volume of $100.
Reward: All new and eligible perpetual traders will equally share the 10,000 USDT prize pool.
Event 2: PnL Showdown
Prize Pool: 40,000 USDT Bonus
Challenge: Trade any BTC Perpetual contracts and reach at least $100,000 in trading volume. Rankings will be based on Profit and Loss (PnL).
Reward Allocation:
- 1st Place: 6,000 USDT Bonus
- 2nd Place: 4,000 USDT Bonus
- 3rd Place: 3,000 USDT Bonus
- 4th–10th Place: 1,000 USDT Bonus Each
- 11th–50th Place: 500 USDT Bonus Each
Bybit CEO Ben Zhou expressed excitement about the competition, stating, “Bitcoin’s new all-time highs are a significant milestone for the crypto industry. We are thrilled to provide traders with this opportunity to showcase their skills and be rewarded.”
With Bitcoin surging, this competition provides a chance to capitalize on market momentum. Registration is open now for a chance to share the 50,000 USDT prize pool. Interested participants can visit Bybit’s official website for details and updates.
Also Read: Bybit and Admundi Unite to Help Spain’s Flood Survivors
