Bybit’s WSOT Announces 8M USDT Prize, Registration Starts May 26

Bybit’s World Series of Trading (WSOT) has announced that the registrations for the event are set to open on May 26, 2022.  WSOT is reportedly the world’s largest crypto trading tournament organized by the popular cryptocurrency exchange Bybit.

Participants will be competing for a share of the prize pool consisting of up to 8 million USDT, non-fungible tokens (NFTs), and other perks. As part of the event, Bybit will also be donating $400,000 in Bitcoin to UNICEF.

“WSOT this year is all about racing to the next level,” said Ben Zhou, co-founder and CEO of Bybit. “We want to encourage gamers, traders, and teams to join us in a spirit of competition and distinguish themselves at the world’s greatest crypto trading tournament. We also want to use this opportunity to amplify the positive impact of crypto: improving financial literacy and financial inclusion, and putting wealth back in the hands of the common people.”

Bybit’s WSOT was created by the cryptocurrency exchange to recognize traders who could achieve the best profit/loss ratio regardless of the investment amount. Last year, WSOT 2021 saw 35,000 participants who unlocked $4.09 million of the prize pool and 1,339 NFT awards.

This year, the prize pool has been doubled to up to 8 million USDT for three tracks — Solo Race, Squad Race, and Speed Zone Loot.

WSOT embodies what Bybit is all about: providing an honest, fair, level playing field for traders to capitalize on their talent. We built this ultra-fast platform trusted by the world’s most competitive traders and loved by crypto beginners because we believe that in the new world of the digital economy everyone should have equal opportunities and the ability to capture wealth with the power of technology.

Public registration for WSOT 2022 is open globally, where Bybit services are available on June 10. While the trading contest period is from June 27 to July 17, 2022, participants can expect a series of perks, task-based and bonus rewards, fee waivers, and lucky draws throughout the summer.