Bybit hosts SYN/USDT trading competition with 25,000 USDT prize pool
The event will run from January 13th to January 20th
Bybit, a leading cryptocurrency derivatives exchange, is hosting an exciting trading competition for its users, featuring a generous prize pool of 25,000 USDT.
The event, which will run from January 13th to January 20th, offers two distinct challenges for traders looking to test their skills and win significant rewards.
Two challenges, one big prize
The contest is divided into two separate events, each with its own set of requirements and prize structure.
Event 1: Beginner's Trading Quest — 5,000 USDT Prize Pool
Designed for newcomers to derivatives trading, the Beginner's Trading Quest offers a 5,000 USDT prize pool.
2. Make a deposit.
3. Trade with SYN/USDT open-ended contract and accumulate trading volume not less than $100.
All participants who meet this threshold will equally share the prize pot, making it an accessible challenge for those just starting their trading journey.
This segment aims to engage new traders and encourage them to explore Bybit’s platform and the possibilities of perpetual contracts.
Event 2: PnL Showdown — 20,000 USDT Prize Pool
For more experienced traders, the PnL Showdown presents a competitive challenge with a larger prize pool of 20,000 USDT.
1. Trade the SYN/USDT open-ended contract.
2. Accumulate a trading volume of at least $50,000.
Traders will be ranked based on their profit and loss (PnL), with the top 50 traders sharing the substantial prize pool. This event is tailored for those who are confident in their trading strategies and ready to compete for a larger share of the rewards.
Key takeaways and implications
Bybit’s latest trading competition presents an excellent opportunity for both beginner and advanced traders to win substantial rewards while enhancing their trading skills.
The inclusion of two separate challenges ensures that traders of all levels can participate, with a combined prize pool of 25,000 USDT offering significant incentives.
Read also: Regulatory changes prompt Bybit to restrict services for India.
