Bybit’s World Series of Trading (WSOT) reaches new heights as it attracts 100,000+ traders

It’s been a while since we last covered Bybit, the world’s third most visited crypto exchange. A lot has changed since the exchange launched its Wealth Management product to cater to the needs of crypto investors.

Bybit is celebrating the successful launch of its highly-anticipated annual trading competition, the World Series of Trading (WSOT) in Dubai, UAE. The event’s debut has been nothing short of spectacular, exceeding all anticipations and attracting over 100,000 traders from every corner of the globe. It’s a staggering surge that paints a picture of a remarkable 46.5% year-on-year growth, lighting up the trading landscape with an electrifying buzz.

This surge isn’t just about numbers; it’s a testament to Bybit’s unwavering dedication to cultivating a thriving and dynamic trading community. The fact that traders, old and new, are converging on this grand stage in Dubai is a clear signal that Bybit’s commitment to creating an engaging and pulsating trading arena is hitting the mark.

So far, more than 857 squads are currently engaged in fierce competition, highlighting their trading skills for the ultimate team Profit and Loss (PNL) accolade. This year’s squad count has almost doubled, showcasing an impressive 85.5% year-on-year surge.

Adding to the excitement, the WSOT’s immense $8 million prize pool remains up for grabs, offering ample opportunity for participation before the eagerly anticipated grand finale. Bybit has scheduled a live-streamed event on Aug. 24, where they will award a Lamborghini and Rolex, adding to the event’s grandeur.

“We’re absolutely stoked about the success of this year’s WSOT so far,” said Ben Zhou, co-founder and CEO of Bybit. “The incredible increase in new and experienced traders joining in speaks volumes about our users’ dedication and the buzz surrounding the event. It’s a real source of pride for us to offer a platform that not only gives traders an edge but also creates a space where they can collaborate, learn, and trade with a global community.”

While the WSOT captivates traders and crypto enthusiasts, Bybit remains committed to enhancing the crypto-trading realm by nurturing an ecosystem of innovation, camaraderie, and expertise.

Founded in March 2018, Bybit offers a professional crypto exchange platform where crypto traders can find an ultra-fast matching engine, excellent customer service, and multilingual community support. Currently, Bybit is now the world’s third most visited cryptocurrency exchange with more than 5 million registered users. The ByBit crypto trading exchange offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service, and multilingual community support.