Bybit’s World Series of Trading (WSOT) 2024 with more than 10M USDT Prize Pool Opens Doors for Registrations

The global crypto trading competition, with record-breaking prizes, is the most exciting and accessible event in the series for newcomers and seasoned traders.

DUBAI, United Arab Emirates, October 14, 2024 — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced that registration for its global crypto competition World Series of Trading (WSOT) 2024 is now open.

After its debut in 2020, where 135 teams and 12,368 participants battled it out for $1.27 million, this year’s competition is set to offer participants its largest prize yet.

10M USDT Prize Pool and Luxury Rewards

In its fifth edition of the prestigious event, participants can enter the space from all corners of the crypto ecosystem, enjoy many exciting new features, and compete for exclusive rewards.

WSOT 2024 offers competitors its largest prize pool, with 10,000,000 USDT in rewards just waiting to be won by aspiring traders. Whether challenging the competition as an invincible squad or racing solo, the bigger the prize pool, the more participants there are.

With prizes like Rolex watches, World Trip Tickets, and a luxury yacht up for grabs, Bybit’s 2024 competition is set to take the competition series to a whole new level. 

WSOT 2024 Goes DeFi

WSOT 2024 sets a new tone for the global competition series, integrating decentralized exchange (DEX) trading for the first time through the WSOT DEX Wave side campaign. As part of Bybit’s push toward decentralization, DEX Wave allows participants to vote for their favorite Web3 projects through a unique point-based voting system powered by Bybit’s Web3 DEX Pro platform.

This year’s edition offers traders unprecedented flexibility, allowing them to compete from DEXs or centralized exchanges (CEXs). With DEX Wave, traders can access over 1 million decentralized tokens, including GameFi tokens, memecoins, and DeFi projects, while earning points by completing tasks and competing for a share of the 1,000,000 MNT prize pool. High scorers can also win from a daily prize draw of 200,000 MNT.

Fair Competition Structure

This year, the WSOT competition introduces a tiered structure that groups traders into lightweight, middleweight, and heavyweight categories based on the size of their capital. This new system ensures that all participants—newcomers and veterans alike—can compete fairly and let skill and strategy determine their success.

Bybit’s Unified Trading Account (UTA) improves this equalizing mechanism further, allowing traders to use one main account and up to four subaccounts to significantly increase the odds of winning. 

Another key feature of WSOT 2024 is the inclusion of the ROI Reset Card, which allows traders to reset their profit and loss metrics and a second chance to recover from early setbacks. Combined, this year’s event’s new structure and key features deliver fair competition for all traders and set a new standard for all competitions in the crypto ecosystem.

WSOT 2024 Registration 

Participants can now register for WSOT 2024 by ensuring they meet and maintain the threshold of a minimum balance of $500 in their Bybit UTA account. Traders can also improve their odds of winning in the WSOT 2024 lucky draw event by inviting friends to get involved.

• Squad Leader registration is open and will close on Oct. 9, 10 am UTC, 
• Standard registration is open until Oct. 10, 10 am UTC, with late registration available until Oct. 20, 10 am UTC.

The race is on from Oct. 10, 10 am UTC to Oct. 31, 10 am UTC.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 53 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.

To learn more about Bybit, please visit https://www.bybit.com