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July 26, 2023

Bybit Announces 2023 World Series of Trading with Record Prize Pool

Bybit, ranked as the third most frequented crypto exchange globally, has announced the dates and details for its 2023 World Series of Trading (WSOT). This year’s competition stands out not only due to its unprecedented prize pool but also for its initiatives aimed at inclusivity and accessibility.

Bybit Announces 2023 World Series of Trading with Record Prize Pool

Event Overview

The WSOT is scheduled to commence its leader registration on July 13. Following this, a general registration window will be open from July 24 to August 17. The competition itself will kick off on August 7, where participants will engage in intense trading sessions.

The prize pool for this year’s competition is noteworthy: it includes up to $8 million USDT. Additionally, an exclusive live stream giveaway is planned for August 24, where participants stand a chance to win Rolex Explorers and Huracan Evo Spyder Lamborghinis.

Event Overview

Incentives for Team Captains

Team captains have an array of incentives. By forming a team of 200 members, a captain can earn up to $4,500. For generating content related to WSOT, there’s an additional provision to earn up to $1,000. Furthermore, if a team secures a position within the top 10, the captain stands to receive up to $172,800, which constitutes 20% of the team’s prize pool.

Notable Features

This edition of WSOT will introduce demo trading for participants. Bybit’s decision to include this feature aligns with its objective of making the competition more accommodating for novices. This allows them to refine their trading skills in a scenario devoid of real-world financial implications.

Notable Features

Furthermore, WSOT 2023 will witness the participation of notable figures in the trading community, including The Moon, CryptoBanter, GINAREA, and Cornix.

Ben Zhou, Bybit’s co-founder and CEO, commented on the upcoming event, highlighting the event’s significance as a gathering of top trading talents. He emphasized the competition’s role as a platform for skill demonstration and the opportunity it presents for participants to distinguish themselves in the crypto trading domain.

Notable Features

Past Achievements

The WSOT has seen consistent growth since its inception. Between 2020 and 2022, the competition attracted close to 117,000 traders globally. This translated to a cumulative trading volume exceeding $177 billion.

For individuals interested in learning more or registering for the WSOT 2023, Bybit’s official website offers comprehensive details.

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Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet. 

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Damir Yalalov
Damir Yalalov

Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet. 

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