Bybit WSOT 2024 Shatters Records with $100 Billion in Trading Volume, Redefining Crypto Trading Competition

November 14, 2024 12:16 AM AEDT | By Cision

Bybit WSOT 2024 Shatters Records with $100 Billion in Trading Volume, Redefining Crypto Trading Competition — Image source: Kalkine Media

Recent News

Zelira Therapeutics Enhances Capital Strength and Advances Clinical Pi...

London Market Overview: Rent Pressures Mount, BP Earnings Dip, Mobico...

Australian Rare Earths (ASX:AR3) Unveils Promising Uranium Exploration...

ASX Financial Stocks Lift S&P/ASX 200 Above 8,000 as Energy and Tech J...

DUBAI, UAE, Nov. 13, 2024 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, proudly announces the successful conclusion of its World Series of Trading (WSOT) 2024, a landmark event that not only shattered previous records but also redefined industry standards. Attracting more than 77,000 traders from over 160 countries, WSOT 2024 generated a remarkable $100 billion in trading volume and awarded participants with total profits exceeding $137 million. This year's event set new heights in inclusivity, innovation, and achievement, making it a pivotal moment in the evolution of global cryptocurrency trading.

Pioneering a New Era of Trading

This year's WSOT was a celebration of innovation and community engagement. Bybit's commitment to fostering a vibrant trading ecosystem was furthered through initiatives like the WSOT DEX Wave, where traders explored Web3 projects, supported emerging talents, and competed for a million MNT prize pool. With UTA account integration, traders gained a strategic edge, able to enter the competition with one primary account and up to four subaccounts.

Additionally, Bybit's dedication to giving back was reflected in charitable donations totaling 75 ETH, aligning the competition with causes that resonate with the global trading community.

Key Achievements and Milestones

Unmatched Global Participation: WSOT 2024 attracted over 77,000 traders from 160+ countries, highlighting the universal appeal of the competition.
Record-Breaking Trading Volume: Participants generated a record-setting $100 billion in trading volume.
Massive Profits for Traders: The total trader profit exceeded $137 million.
Pioneering DEX Integration: Bybit introduced decentralized exchange (DEX) trading within WSOT, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi) and providing participants access to over 100 Web3 projects.
Enhanced Fairness: With the implementation of a tiered weighting system and ROI reset features, WSOT 2024 ensured a level playing field for all traders, fostering a more inclusive and accessible competition.

Celebrating Individual and Team Accolades

WSOT 2024 celebrated extraordinary achievements, with standout performances that set new standards in the global trading community:

Largest Squad: Arena Tradingu formed the largest squad with 3,310 members.
Top Individual Trader: The top individual trader secured a whopping $16.5 million in profits.
Most Active Squad: Arena Tradingu executed a mind-blowing 13.8 million trades.
Highest Trading Volume: Squad 852hoodoo achieved the highest trading volume of $6.9 billion.
Longest Trading Streak: Kennel Capital established the longest trading streak of 22 consecutive days.

Setting a New Benchmark for Crypto Trading Competitions

Bybit's WSOT 2024 has raised the bar for trading competitions, setting a new benchmark in terms of scale, accessibility, and community involvement. By bridging TradFi and DeFi, embracing decentralized trading, and supporting charitable causes, WSOT 2024 exemplifies Bybit's mission to empower and inspire traders from all walks of life, marking a new era for cryptocurrency trading on a global scale.

#Bybit / #TheCryptoArk /

About Bybit

Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One's reigning Constructors' and Drivers' champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: [email protected]

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit's Communities and Social Media

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Markets

Recent Articles

1

2

3

4

5

Investing Tips

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27