Bybit Announces World Series of Trading with $8 Million in Prize Pool

Crypto exchange Bybit has unveiled its ‘2023 World Series of Trading (WSOT), which will begin recording on July 13.

The event is in its fourth edition and will feature a prize pool of up to $8 million USDT. It also includes a live stream on August 24, giving traders the chance to win a Rolex Explorers, Huracan Evo, Spyder, and Lamborghini.

Bybit All-Star Showdown for elite cryptocurrency traders

According to the official press release, the public registration window is from July 24th to August 17th, which will provide traders with an opportunity to secure their place among the “elite” contenders around the world. Bybit also added that the real action begins on August 7 when traders clash in a furnace of quick strategies and decisions.

Commenting on the development, Bybit CEO and co-founder Ben Zhou stated,

“Get ready for the ultimate display of trading talent, strategy and sheer determination. This is the moment when dreams are shaped, boundaries are shattered and champions are crowned. Therefore, we invite all traders to enter or witness the Global Trading Series, where the best of the best meet and the crypto world lives.”

Bybit will be making demo trading available to participants for the first time ever to ensure contests are accessible to beginners.

Influential traders and big stars like The Moon, CryptoBanter, GINAREA, and Cornix are all set to participate in this year’s WSOT.

Meanwhile, Bybit claimed that this event attracted Approximately 117,000 traders from all over the world between 2020 and 2022, resulting in a trading volume of more than $177 billion.

Expand Bybit

Over the past year, Bybit has been expanding its global presence across different parts of the world.

Recently, Dubai’s Virtual Asset Regulatory Authority (VARA) granted a minimum viable product (MVP) preparatory license to crypto exchange subsidiary Bybit FinTech FZE.

Bybit has previously reported that it is closely monitoring jurisdictions in the United Kingdom, Hong Kong and the European Union.

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