Cryptocurrency exchange Bybit announced that it will hold an 'Elite Traders Championship'. The tournament's prize pool is set at 30,000 USDT. In addition, beginner traders will receive prizes as part of the 'Beginners are Lucky!' promotion.
Registration for the Elite Traders Championship is open until October 25th, and the event itself
will run until October 30th.
Details of the tournament and its rules can be found on the Bybit's website. Already 3,000 traders have registered for the contest.
To participate in the event, you need to:
- Register and pass verification on Bybit;
- Deposit 5,000 USDT in a Derivatives, ETA, or Funded account;
- Click on Register on the tournament page.
The prize fund of 30,000 USDT will be distributed among the participants with the highest trading volume on the derivatives market.
- 1st place - 7,500 USDT;
- 2nd place - 6,000 USDT;
- 3rd place - 4,500 USDT;
- 4th place - 2,400 USDT;
- 5-10 places - 900 USDT each;
- 11-20 places - 420 USDT each.
If users without VIP status participate in the tournament, they can get a Trial VIP-1 Card if they reach the trading volume of $1 million.
Participants in the 'Beginners are Lucky!' contest will also receive an iPhone 15, AirPods, bonuses of up to 100 USDT, and other prizes.
More detailed information about the contests can be found on the exchange's website.
Read also: Coinbase launches trading of perpetual futures.
