Bybit, a leading cryptocurrency exchange, has officially announced the commencement of registration for the highly anticipated ‘2023 World Series of Trading (WSOT).’ With a prize pool of up to $8 million worth of USDT, this event promises to be the most thrilling edition yet. Traders will also have the chance to win luxurious prizes, including Rolex Explorers and Huracan Evo Spyder Lamborghinis, through a live stream giveaway on August 24.
According to the official press release, general registration for WSOT will open on July 24 and close on August 17. This registration period provides traders from around the world with the opportunity to secure their spot among the elite contenders. The real action is set to begin on August 7 when traders will engage in a fierce battle of strategies and lightning-fast decision-making.
Ben Zhou, CEO and co-founder of Bybit, expressed his excitement about the upcoming event, stating, “Brace yourselves for the ultimate showcase of trading talent, strategy, and sheer determination. This is the moment where dreams are forged, boundaries are shattered, and champions are crowned. So, we call on all traders to enter or witness the World Series of Trading, where the best of the best meet and the crypto world comes alive.”
In a move to make the competition more accessible to beginners, Bybit will introduce demo trading for participants for the first time ever. This will allow newcomers to gain experience and confidence before competing against seasoned traders. Influential traders and megastars such as The Moon, CryptoBanter, GINAREA, and Cornix have already confirmed their participation in this year’s WSOT, further adding to the excitement surrounding the event.
Bybit takes pride in the success of its previous editions of WSOT. Between 2020 and 2022, the event attracted an impressive 117,000 traders from across the globe and generated a staggering trading volume of over $177 billion. With each edition, the World Series of Trading continues to establish itself as a premier platform for traders to showcase their skills and compete on a global stage.
In addition to organizing the WSOT, Bybit has been aggressively expanding its presence worldwide. Most recently, the crypto exchange’s subsidiary, Bybit FinTech FZE, received the Minimum Viable Product (MVP) Preparatory License from Dubai’s Virtual Assets Regulatory Authority (VARA). This significant development reflects Bybit’s commitment to complying with regulatory requirements and strengthening its position in the industry.
As part of its expansion plans, Bybit continues to closely monitor the regulatory landscapes in the United Kingdom, Hong Kong, and the European Union. By staying informed and adapting to evolving regulations, Bybit aims to ensure a seamless trading experience for its users across different jurisdictions.
The 2023 World Series of Trading is set to captivate the crypto community and beyond. Traders of all levels have the opportunity to participate in this prestigious event and compete for substantial prizes. With its innovative features and a prize pool of $8 million, WSOT promises to be a thrilling showcase of trading talent, strategy, and determination. Prepare to witness the crypto world come alive in the ultimate battle of the best.