JAKARTA - The Bybit crypto exchange has announced cooperation with option trading platform, SignalPlus. The plan, both parties will hold a competition titled Bybit x SignalPlus Options Grand Prix. The competition consists of two stages and participants will compete to get a total prize of 100,000 USDC (1,500,000,000 US dollars) as well as other prizes.
"This is very encouraging for us to partner with SignalPlus in the Bybit x SignalPlus Options Grand Prix," said Hao Yang, Head of Financial Products at Bybit. "With a large prize of 100,000 USDC and attractive team and individual prizes, we expect an event full of energy and competitiveness. We invite everyone to join us and feel the sensation of trading options in Bybit and SignalPlus."
This competition is expected to be an opportunity for experienced and novice option traders who want to improve their skills. The first stage, semifinals, will take place from 8 May to 24 May 2024. While the final stage will be held from 8 May to 8 June 2024.
Several traders can form a team and have the opportunity to win up to 8,500 USDC. Later, the four best teams based on performance will get this prize. Participants will be judged based on the volume of trade and the total number of transactions among other criteria.
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It's important to note that having multiple team members with trading volumes of more than 500.000 USDC at each stage can help increase team rankings higher than other competitors.
During the competition period, eligible teams will participate in the daily draw. The winners, five team members, will take home 50 USDC each, while overall winners will get an unforgettable trip to Thailand during 3D2N.
For those who decide to participate in the two-stage competition as individuals, several other prizes will be available during the Bybit x SignalPlus Options Grand Prix. The top ten participants from this category can bring home up to 150 USDC per individual. Teams and interested individuals are required to register before being able to participate in this competition.
Participants who qualify for the Bybit x SignalPlus Options Grand Prix can also trade fairly and futures. However, trading volume will be discounted 50% when the prize is calculated.
On the other hand, residents from Spain, Brazil, Hong Kong, the Netherlands, and the United Kingdom are not allowed to participate in the event. Meanwhile, this is only one of the best activities Bybit has launched recently, demonstrating its commitment to interacting with their users.
Last week, the exchange announced plans to create a Notcoin, a Telegram-based game that allows users to get rewarded, available for trading this month. Similarly, Bybit makes it easier to buy crypto globally by integrating Google Pay.
This collaboration provides opportunities from different countries with different currencies. They can buy crypto assets using 35 currencies in an easy way. That way, Bybit continues to improve quality and facilitate its services for crypto users.
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