Bybit launches European Copy Trading Competition with 50,000 USDT prize pool
The prize pool for Bybit's European Copy Trading Competition is 50,000 USDT
Bybit, the international cryptocurrency exchange, invites traders to compete for impressive rewards in the European Copy Trading Competition.
The competition, held from November 4 to 24, 2024, offers European traders a chance to win a share of the 50,000 USDT prize pool. Registration is open until November 21, as stated on the exchange's website.
Traders can participate in the competition in one of two roles: Master Trader or Follower. Master Traders aim to climb the PnL leaderboard by achieving maximum profit, with the top participants sharing a prize of 30,000 USDT. Followers, on the other hand, can copy trades from Master Traders and qualify for a share of 20,000 USDT, provided they reach a minimum trading volume of 5,000 USDT.
The leaderboard mechanics add a competitive edge, allowing participants to track their positions in real-time as they work to maximize their PnL. Master Traders’ rankings reflect the total PnL of their Copy Trading orders during the competition period, including both realized and unrealized profits. Meanwhile, Followers’ rankings depend on the highest profit earned from Copy Trading in their main or subaccounts. To qualify, Master Traders must reach a trading volume of at least 10,000 USDT, while Followers need at least 5,000 USDT.
Bybit encourages participants to diversify their strategies to increase their chances of winning. Followers can enhance their portfolios by copying multiple Master Traders and checking the “Top Followers” section on the leaderboard to see which Master Traders perform best.
Certain terms and conditions apply
All participants must complete Level 1 Identity Verification and register for the event on Bybit’s website to be eligible for rewards. Only users from European countries can participate, but users from countries like Andorra, Austria, Belarus, France, Moldova, Portugal, Russia, San Marino, Spain, the Netherlands, Turkey, Ukraine, the United Kingdom, and the Vatican are excluded from the competition.
During the event, PnL rankings are updated every five minutes to give participants the latest information. Prizes will be distributed within 14 working days after the competition, with funds deposited directly into the Spot, Funding, or Unified Trading Accounts of the winners.
To maintain a fair environment, Bybit enforces strict rules against dishonest practices, including mass account registrations or fraudulent activities. The exchange reserves the right to disqualify any participant violating the rules and to adjust event terms as needed.
As a reminder, Bybit previously launched the innovative On-Chain Ear service, offering easy access to staking popular cryptocurrencies with high returns and flexibility.
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