Bybit launches Options Daily Draw, giving away $300,000 in 30 days
Bybit gives away $300K in options promo
In a bold effort to promote USDT Options trading, cryptocurrency exchange Bybit has unveiled a month-long promotion dubbed the Options Daily Draw, putting up a total prize pool of $300,000 USDT for participants.
Starting on June 23 and running through July 23, the event invites both new and existing users (excluding Pro-tier traders) to engage in daily USDT Options trades for a chance to win up to 1,685 USDT per day. Each day, $10,000 in rewards will be distributed through a lucky draw format.
Key takeaways
- $300,000 total prize pool, with $10,000 awarded daily.
- Users must register and trade USDT Options to earn entries.
- Daily trading volume resets at 10:00 AM UTC.
- Pro users are excluded from participating.
Trading for rewards
To participate, users must:
1. Register and complete Verification Lv. 1
2. Join for the campaign via the official event page.
3. Trade USDT Options and complete specific tasks that reset daily.
These tasks determine the number of entries they receive for the lucky draw.
With a potential daily win of 1,685 USDT, this initiative is positioned to both incentivize trading and expand user adoption of Bybit's options products.
Bybit’s broader appeal
Bybit has steadily gained traction in the crypto derivatives space with its user-friendly interface, high liquidity, and competitive product lineup, including futures and options. The Daily Draw is part of a larger effort to make options trading more accessible and engaging for the retail segment.
As market volatility increases and retail interest in derivatives grows, initiatives like the Options Daily Draw could further strengthen Bybit’s foothold in the crypto derivatives market. The campaign may also signal the exchange's longer-term commitment to gamified and reward-driven user acquisition strategies.
Recently we wrote Bybit hosts USDC staking carnival with $100,000 prize pool.
