Bybit’s WSOT 2024 Unveils Web3 and DEX for Crypto Traders

[PRESS RELEASE – Dubai, United Arab Emirates, October 2nd, 2024]

The largest crypto trading convention globally is set to incorporate Web3 and decentralized exchange (DEX) capabilities, ushering in a new age for traders, builders, and collaborators in the decentralized ecosystem.

Bybit, the second-largest cryptocurrency exchange in the world by trading volume, is integrating both Web3 and DEX trading features into its esteemed World Series of Trading (WSOT) 2024 global contest.

The goal of Bybit’s WSOT 2024 is to unite DEX enthusiasts from the Web3 ecosystem with participants from centralized exchanges (CEXs), creating the biggest and most enduring crypto trading event in existence. The competition boasts a staggering prize pool of up to 10,000,000 USDT, alongside rewards such as luxury Rolex watches, holiday travel tickets, and yacht experiences.

This new initiative, referred to as WSOT DEX Wave, repositions Bybit from merely an exchange to a pivotal contributor in fostering the Web3 ecosystem and aiding crypto users worldwide.

Since its inception in 2020, the WSOT series has developed into a worldwide phenomenon, creating opportunities for traders, builders, and partners in the crypto realm to compete and collaborate.

Web3 and DEX Integration: WSOT 2024 will mark Bybit’s inaugural offering for traders from the Web3-based decentralized ecosystem, paving new avenues and possibilities for this year’s competition.

Enhanced Competition Framework: Bybit’s WSOT 2024 will implement a tiered weighting system to maintain fairness throughout the contest. This ensures that advantages arising from resources do not overshadow genuine trading abilities.

Global Insights: WSOT 2024 will host significantly more livestreams related to the competition compared to previous editions. Participants and spectators alike will gain insights from global partners, ensuring a genuinely international perspective throughout the event.

Access to over 1 million DeFi tokens via DEX Wave: WSOT 2024 introduces Bybit Web3’s DEX Pro, granting participants access to over 1 million decentralized tokens. They will have the chance to trade a wide variety of DeFi assets, including GameFi tokens, memes, and various other DeFi projects. This initiative will be bolstered by over 100 ecosystem partners such as Yescoin, Bonk, Catizen, Navi Protocol, Blackcardcoin, and Character X, providing a truly distinctive Web3 and DeFi experience.

“WSOT 2024 presents a broader range of opportunities within the crypto realm,” stated Ben Zhou, co-founder and CEO of Bybit. “With unique offerings on both our CEX and DEX, we empower traders to navigate across the market landscape and uncover new possibilities. I’m eager to see how participants will embrace this chance to challenge themselves and elevate their trading skills.”

The emphasis on Web3 and DEX cooperation in WSOT 2024 underlines Bybit’s commitment to fostering a more interconnected and collaborative crypto landscape. This year, Bybit has teamed up with Immunefi and the Ethereum Foundation to sponsor Ethereum’s inaugural Attackthon, contributing up to 75 ETH to support this global hackathon initiative. The Attackthon aims to enhance innovation and security within the Ethereum ecosystem, as WSOT strives to cultivate a safer space for all Web3 and crypto participants.

About Bybit

Bybit ranks as the second-largest cryptocurrency exchange globally by trading volume, catering to over 49 million users. Founded in 2018, Bybit offers a professional platform where crypto investors and traders can access an ultra-fast matching engine, round-the-clock customer support, and multilingual community assistance. Bybit proudly partners with Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team.

To explore more about Bybit, please visit https://www.bybit.com