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Bybit’s World Series of Trading (WSOT) 2024 is here, offering traders the chance to compete in the biggest crypto trading event yet. With decentralized and centralized trading options, multiple prize pools, and a total prize of up to 10,000,000 USDT, WSOT 2024 is an opportunity for traders of all levels to showcase their skills.
Bybit, one of the top cryptocurrency exchanges by trading volume, has launched its highly anticipated World Series of Trading (WSOT) 2024. This year’s competition brings together both centralized (CEX) and decentralized (DEX) trading, allowing participants to experience diverse trading environments while competing for substantial rewards.
WSOT is recognized as the longest-running crypto trading competition and has grown each year, with more traders and bigger prizes. In 2024, Bybit is introducing new features that push the boundaries of competitive trading.
Key Features for Traders
WSOT 2024 allows individual traders to compete in one of three leagues—lightweight, middleweight, or heavyweight—based on their capital size. Each league has its own prize pool, ensuring a fairer competition where skill and strategy matter more than account size.
Additionally, Bybit offers the option to manage up to four subaccounts through the Unified Trading Account (UTA), which helps traders maximize their chances of success. Bybit’s UTA system consolidates margin and collateral across positions, enabling participants to manage multiple trades from a single account, improving capital efficiency.
Exploring Both Centralized and Decentralized Trading
This year, WSOT integrates Bybit’s Web3 DEX Pro trading platform, giving participants access to over 1 million decentralized tokens. Traders can explore a wide variety of assets, including memecoins, DeFi, GameFi tokens, and more. The competition also introduces the first-ever Web3 Idol contest, where traders earn votes by trading and completing tasks.
Voters can support up to three projects daily and compete for a share of a 1,000,000 MNT prize pool. The winning project in the Web3 Idol contest will receive backing from Bybit’s CEO, along with prime listing opportunities and marketing support. This feature makes WSOT 2024 a key event in promoting innovative decentralized projects.
Over 100 ecosystem partners and decentralized projects, including MomoAi, Tars Protocol from Solana, and Catizen from Mantle, are participating in the DEX Pro trading competition. By combining CEX and DEX trading, Bybit allows participants to experience the full spectrum of the crypto ecosystem.
“Bybit aims to create industry best practices for onboarding users for both CEX and DEX to help create a broader landscape of crypto adoption,” said Ben Zhou, co-founder and CEO. “By combining these two elements, we are enabling the smaller projects and specialist traders to rise up the competition ranks.”
Huge Prize Pool for WSOT 2024
The prize pool for WSOT 2024 is substantial, offering rewards such as yacht cruises, Rolex watches, travel packages, and up to 10,000,000 USDT in prizes. As more participants join, the prize pool grows, making this year’s competition one of the most exciting opportunities in the world of crypto trading.
To participate, traders can sign up for WSOT starting October 1 and maintain a minimum balance of $500 in their Bybit UTA account. Participants can also invite friends to join, which increases their chances of winning in the event’s lucky draw.
A Growing Tradition of Competitive Trading
Since its inception, Bybit’s WSOT has consistently attracted a growing number of traders. Between 2020 and 2022, nearly 117,000 traders participated in the competition, and in 2023, that number grew to almost 120,000. This growth reflects the increasing popularity of competitive crypto trading, with WSOT 2023 seeing a 42% year-over-year rise in trading volume, reaching an impressive total of $70.5 billion.
Bybit’s WSOT 2024 builds on this legacy, offering more opportunities for traders of all experience levels to participate and potentially win big in the ever-expanding world of crypto. Whether you’re a seasoned pro or a newcomer looking to test your skills, WSOT 2024 provides an exciting platform to engage with the future of trading.
About Bybit
Bybit is a leading cryptocurrency exchange, ranked as the second-largest globally by trading volume, and trusted by over 50 million users worldwide. Founded in 2018, Bybit offers a professional trading platform with an ultra-fast matching engine, 24/7 customer support, and multilingual community assistance. Known for its reliability and advanced features, Bybit caters to both crypto investors and traders. Bybit is also a proud partner of Oracle Red Bull Racing, the reigning Formula One Constructors’ and Drivers’ champions.
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