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Bybit’s World Series of Trading 2024 Kicks Off: The Biggest Trading Competition in Crypto History Begins

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    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: [email protected]

    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
    [email protected]

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    Tauro Markets Launches Next-Gen Trading Platform to Enhance Global Trading Experience

    2024-10-04T01:27:47Z

    Providing retail and institutional clients with more investment choices, Tauro Markets aims to reshape the trading experience while expanding its global presence

    DUBAI, United Arab Emirates, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Tauro Markets, a multi-asset trading platform, is launching with the financial backing of the newly formed Synervest Group. By moving beyond traditional CFD offerings, Tauro Markets aims to deliver a wider range of innovative financial instruments to both retail and institutional investors worldwide, meeting the evolving demands of today’s financial markets.

    A key aspect of this launch is the integration of advanced financial technologies. Tauro Markets is providing clients with modern tools that allow for seamless trading across multiple asset classes, introducing improved trading algorithms, faster execution speeds, and access to a broader range of digital assets.

    “Our mission is to create a next-gen brokerage platform that leverages our leadership’s deep industry experience, providing a well-rounded suite of investment opportunities,” said Alexander Oelfke, CEO of Tauro Markets. “We’ve taken the lessons learned from our previous ventures and are focused on filling the gaps in the market while also creating solutions that will be relevant for years to come.”

    Backed by the newly formed Synervest Group, a FinTech-focused investment holding company, Tauro Markets operates as the group’s core trading platform, while maintaining operational independence. Synervest provides strategic financial backing, allowing Tauro Markets to benefit from key investments in technology and payment infrastructure. This support positions Tauro Markets to scale its operations and continue expanding into new markets while enhancing its product offerings.

    Tauro Markets is led by an experienced team from reputable firms. Their knowledge will continue to drive growth and global expansion.

    “With a strong leadership team coming together, Tauro Markets is in a prime position to scale its operations and expand into new markets globally,” added Alexander Oelfke.

    For more information, visit the Tauro Markets website at Tauromarkets.com.

    About Tauro Markets

    Tauro Markets is a multi-asset trading platform offering retail and institutional clients access to a broad range of investment products. Through its next-gen brokerage platform, Tauro Markets provides innovative financial tools and opportunities, including Forex, CFDs, commodities, indices, and a wider range of digital assets. Focused on empowering traders with more diverse and flexible investment options, Tauro Markets is working to redefine the trading experience by providing a comprehensive suite of investment products and utilizing advanced financial technologies. Backed by industry veterans and guided by an experienced leadership team, the company plans to make a significant impact in the market.

    Contact
    Contact Persons: Tauro Markets Team
    Organization: Tauro Markets
    Site: Tauromarkets.com
    Email: [email protected]


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