DUBAI, United Arab Emirates, June 30, 2022 (GLOBE NEWSWIRE) — Bybit’s World Series of Trading (WSOT) experienced a rush in registration before registration closed on July 7, 2022, with more than 57,000 participants attending this day registered for the world’s largest crypto trading tournament. The enthusiasm of crypto enthusiasts across the globe has not been deterred this year despite global market turbulence.
Participants were attracted by the record prize pool consisting of 8 million USDT, non-fungible tokens (NFTs) and other perks and giveaways. To celebrate the empowering power of crypto through the flagship event, Bybit is honoring the annual tradition with a $400,000 Bitcoin donation to UNICEF.
The most anticipated business event of the year is shaping up to be an exciting contest. This year, the world’s top traders have come together to train more than 1,000 soldiers so far, eclipsing last year’s total of 196 teams. Korean Titans 유튜브 매억남(없는)팀 are the largest team with 3,241 members, followed by Sniper Squadand 스트리머사또_satto with 2,565 and 2,232 members respectively.
The excitement stands in contrast to the current headwinds in crypto markets, demonstrating the ability of a generation of crypto enthusiasts to turn challenges into opportunities, whether it is “crypto winter” or not. Indeed, participants have come from all over the world ready for the competition which will run from June 27 to July 17, 2022. They can expect a series of benefits, task-based rewards and bonuses, exemptions fees and raffles throughout the summer.
The vast number of entrants are ready to take their trading to the next level using Bybit’s high-precision trading system, which has stood the test of time regardless of the volume of crypto market activity. And, with Solo Race, Squad Race, and Speed Zone Loot, WSOT 2022 is poised to captivate global crypto audiences with its live events.
“WSOT aims to exceed all expectations,” said Ben Zhou, co-founder and CEO of Bybit. “I was impressed by the spirit of cooperation our participants showed by forming so many teams eager to test their skills in the biggest crypto trading tournament in the world. This year, WSOT saw more than 57 000 entries from around the world, which shows the inclusiveness of the crypto community.It also shows how we are achieving our goals of improving financial literacy and putting the tools of finance in the hands of everyday people.
Bybit created WSOT to elevate traders who could achieve the best profit/loss ratio regardless of investment amount. Last year, WSOT 2021 saw 35,000 participants who unlocked a record $4,090,000 prize pool and 1,339 NFT rewards. Team players from 136 eligible regions formed or joined 196 troops in the main event, with the top team winning 20 times their earnings. Nearly 20,000 solo players took part in the individual competition, where the winner delivered a profit and loss account of 7,265.94%.
“I was encouraged to see the enthusiasm shown by our WSOT participants despite the current crypto bear market,” Zhou added. “While we are in a difficult phase of the crypto cycle, the WSOT shows that the crypto industry is very much alive and still excited about Bybit’s promise to help build a new digital economy where everyone has the opportunity to capture wealth with the power of blockchain technology.
Registration for the 2022 WSOT is open until 10:00 UTC, July 7, 2022.
Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find a super-fast matching engine, excellent customer service, and multilingual community support. Bybit is a proud partner of Formula 1 racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR) and Oracle Red Bull Racing Esports, and football (soccer) teams Borussia Dortmund and Avispa Fukuoka.
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