Business Daily Media

Men's Weekly

.

World’s Largest Crypto Trading Competition Breaks Records Despite the Bear Market

  • Bybit's World Series of Trading (WSOT) is the "World Cup of crypto trading"
  • This year it featured the largest prize pool in history
  • The crypto trading competition drew a record number of participants

VICTORIA, SEYCHELLES - Media OutReach - 3 August 2022 - The WSOT, the world's largest crypto trading competition, ended on a high note on July 17 with traders divvying up a record-breaking $8 million prize pool. After 20 days of intense competition, the best traders stacked up profits of over 10,000% despite tough market conditions.

Nearly 70,000 traders entered this year's competition, keen to showcase their skills at what has become the crypto trading equivalent of the World Cup. There was double the number of entrants compared to 2021's event, unlocking a prize pool that was 100% larger than last year.

The prize pool was divided into three separate categories. The Squad Race offered $6 million, with the Solo Race, and Speed Zone Loot events offering $1 million each. On top of this, Bybit gave away over 1,000 bonus NFT prizes, which included valuable CloneX and Mutant Ape Yacht Club NFTs.

The enthralling contest has once again captivated the crypto community, demonstrating the resilience of emerging digital markets in times of uncertainty. Traders from over 1,000 squads covering 182 regions battled it out, with Korean titans Maeuknam_Team making up the largest team with 3,241 members, followed by Sniper Squad, and Streamer_Satto with 2,565 and 2,232 members respectively.

It takes creativity and bravery to win a trading competition, which is why Bybit continued its partnership with UNICEF with another donation of $400,000 in BTC. Bybit is proud to support UNICEF and its work to provide equal access to education and empower girls' education in East Asia and the Pacific. Additionally, the contribution will enhance, scale up, and implement a STEAM (Science, Technology, Engineering, Arts and Mathematics) education pilot program focused on girls in a remote mountainous province in Vietnam.

"This year I've been bowled over by the success of the WSOT, both in terms of the number of people, and the community spirit of the event," said Ben Zhou, co-founder and CEO of Bybit. "This competition demonstrated the unwavering faith of crypto enthusiasts all over the world; it's a beacon of hope in the bear market."

The competition phase of WSOT 2022 has concluded, and will be followed by the WSOT Afterparty:
https://blog.bybit.com/en-US/post/-wsot-afterparty-free-apex-nfts-cashback-rewards-100-000-usdt-prize-pool-await--blt2dca90172862a000/

Hashtag: #Bybit

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR) and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

For more information please visit:

For updates, please follow Bybit's social media platforms on










News from Asia

Highbrow Unveils Its New Beauty Salon at The Adelphi

SINGAPORE - Media OutReach Newswire - 27 June 2025 - HighBrow, one of Singapore’s most trusted names in brow, lash, and nail care, is thrilled to announce the launch of its new beauty salon at The...

Cyberport 5 as Hong Kong's New I&T Landmark

Driving Emerging Strategic Industries Development Heralding a New Chapter in Integration of I&T and the Community HONG KONG SAR - Media OutReach Newswire - 27 June 2025 - The Cyberport ...

VinFast signs dealer financing cooperation agreement with BCA

JAKARTA, INDONESIA - Media OutReach Newswire - 27 June 2025 - VinFast has officially entered into a pivotal financial partnership with PT Bank Central Asia Tbk. (BCA), one of Indonesia's leading p...

Food Expo PRO and Hong Kong International Tea Fair Return in August with New Coffee Zone and Expanded Halal Sector

HONG KONG SAR - Media OutReach Newswire - 27 June 2025 - Organised by the Hong Kong Trade Development Council (HKTDC), the Food Expo PRO and Hong Kong International Tea Fair will be staged concurr...

Food Expo PRO and Hong Kong International Tea Fair: One-Stop F&B Platform Returns in August

Spotlighting Food Science & Tech HONG KONG SAR - Media OutReach Newswire - 27 June 2025 - Organised by the Hong Kong Trade Development Council (HKTDC), the Food Expo PRO and Hong Kong Internat...

The best CFD broker 2025': Octa receives yet another award

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 27 June 2025 - Octa, a globally regulated and trusted broker since 2011, was recently named 'The best CFD broker 2025' by the AllForexRating.com...

DHL Express completes the modernization of its Air Hong Kong-operated fleet to boost Asia Pacific network capacity and fuel efficiency

14 A330 freighters in total have been added to the regional network, retiring the previous A300-600F fleet This is part of DHL Express's ongoing investment to enhance its network ...

Rethinking Obesity: Novo Nordisk’s Latest Initiative Urges Singaporeans to Treat, Not Blame

“Beyond the Scale” focuses on obesity as a chronic disease — urging empathy, early intervention, and evidence-based care. SINGAPORE - Media OutReach Newswire - 27 June 2025 - Imagine a chronic dis...

Trend Micro to Deliver AI Factory with Dell and NVIDIA for Secure Infrastructure at Scale

Platforms to accelerate secure AI adoption for modern IT environments HONG KONG SAR - Media OutReach Newswire - 27 June 2025 - Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecur...

HKICPA renews its Mutual Recognition Agreement with ACCA

HONG KONG SAR - Media OutReach Newswire - 27 June 2025 - The Hong Kong Institute of Certified Public Accountants (HKICPA) is delighted to announce its renewal of Mutual Recognition Agreement (MRA)...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

THE FINE LINE WITHIN HILARIOUS SIGNAGE DESIGN FAILS

It seems like design failures still occur in today’s modern branding era, despite rigorous rounds of approvals behind the scenes. One signage show...

Deputy Announces Exclusive Global Partnership with Predelo to Bring AI to Shift-Based Businesses

Deputy, the global people platform for shift-based businesses, has announced an exclusive partnership with Predelo, an AI Decision Agent-as-a-Serv...

Leftover Budget? The Last-Minute EOFY Tip to Drive Business Success in FY25/26

The countdown is on. With just days left until EOFY, now’s the time to make your remaining 2024–2025 budget work harder and smarter. After workin...

pay.com.au appoints new CEO and Managing Director

The former COO will lead the company’s next growth phase, with ex-CEO Edward Alder transitioning into the role of Managing Director AUSTRALIA, 25...

Sell by LayBy