[PRESS RELEASE – Dubai, United Arab Emirates, October 2nd, 2024]
The world’s largest crypto trading event will now feature Web3 and DEX integration, bringing traders, builders, and partners into a new era for the decentralized landscape.
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is integrating Web3 and decentralized exchange (DEX) trading into its renowned World Series of Trading (WSOT) 2024 global trading competition.
Bybit’s WSOT 2024 aims to bring DEX enthusiasts from the Web3 space and players from centralized exchanges (CEXs) together in the world’s largest and longest-running crypto trading competition. The competition features a huge prize pool of up to 10,000,000 USDT and rewards such as Rolex watches, world travel tickets, and yacht.
The integration, named WSOT DEX Wave, redefines the role of Bybit, turning from an exchange to a key player in building the Web3 ecosystem and supporting crypto users globally.
Since the WSOT event series debuted in 2020, the competition has developed into a global sensation, creating a space for traders, builders, and partners in the crypto space to compete and collaborate.
Web3 and DEX Integration: WSOT 2024 will be Bybit’s first offering for traders from the Web3-native decentralized ecosystem to compete, truly breaking new ground for the competition’s potential this year.
Upgrade Competition System: Bybit’s WSOT 2024 will feature a tiered weighting system to ensure fairness throughout the competition. This system ensures that the advantages of the resources never outweigh the display of true trading skills.
Insights from around the Globe: WSOT 2024 will feature significantly more WSOT-related livestreams than the competition’s previous milestones. Spectators and participants will benefit from insights from global partners for a truly global perspective throughout the competition.
Access to over 1 million DeFi tokens via DEX Wave: WSOT 2024 introduces Bybit Web3’s DEX Pro, offering participants access to more than 1 million decentralized tokens. Participants will have the opportunity to trade across a range of DeFi assets, including GameFi tokens, memes, and other DeFi projects. This new addition will be supported by over 100 ecosystem partners like Yescoin, Bonk, Catizen, Navi Protocol, Blackcardcoin, and Character X, for a truly unique Web3 and DeFi experience.
“WSOT 2024 opens the door to a broader experience of the crypto world,” said Ben Zhou, co-founder and CEO of Bybit. “With distinct offerings on our CEX and DEX we’re giving traders the tools to navigate both sides of the market and explore new possibilities. I’m excited to see how they’ll take this opportunity to challenge themselves and elevate their trading to the next level.”
The focus on Web3 and DEX collaboration in WSOT 2024 emphasizes Bybit’s push toward a more connected and cooperative crypto ecosystem. This year, Bybit partnered with Immunefi and the Ethereum Foundation to sponsor Ethereum’s first-ever Attackthon, with up to 75 ETH contributed in support of this global hackathon. The Attackathon is designed to improve innovation and security in the Ethereum ecosystem as WSOT commits to building a more secure space for all Web3 and crypto users.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 49 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
To learn more about Bybit, please visit https://www.bybit.com
