Bybit and SignalPlus Launch Options Grand Prix Competition: Win a Share of 100,000 USDC!

Bybit, a popular cryptocurrency exchange, has recently announced a strategic partnership with SignalPlus, an options trading platform, to launch a competition called Bybit x SignalPlus Options Grand Prix. The competition offers participants the chance to compete for a share of a 100,000 USDC prize pool as well as other exciting rewards.

Hao Yang, Head of Financial Products at Bybit, expressed his excitement about the partnership, stating, “With a massive prize pool of 100,000 USDC and exciting team and individual rewards, we’re expecting an energetic and competitive event. We encourage everyone to join us and experience the thrill of options trading on Bybit and SignalPlus.”

The competition is divided into two phases: the semi-final phase, which will run from May 8 to May 24, 2024, and the final phase, which will take place from May 8 to June 8, 2024. Participants can compete either as a team or individually, with the top four performing teams standing a chance to win up to 8,500 USDC.

Participants will be judged based on criteria such as trading volume and total transaction count. Teams with multiple members achieving a trading volume of over 500,000 USDC in each stage will have an advantage in the rankings. Additionally, eligible teams will have the opportunity to participate in a daily lucky draw, with prizes including 50 USDC for each team member and a 3D2N Thailand getaway for the overall daily winner.

Individual participants in the competition can also win prizes, with the top ten contenders in this category potentially walking away with up to 150 USDC each. Interested teams and individuals must register before they can participate in the competition.

In addition to the Options Grand Prix, eligible participants can also trade perpetual and futures on the Bybit platform. However, the volume from these trades will be discounted by 50% when calculating rewards. It is important to note that residents of Spain, Brazil, Hong Kong, Netherlands, and the United Kingdom are not permitted to participate in the competition.

This competition is just one of the many activities that Bybit has launched recently to engage with its users. Last week, the exchange announced plans to make Notcoin, a Telegram-based play-to-earn game, available for trading later this month. Bybit has also simplified crypto purchases globally by integrating Google Pay, allowing users across 35 currencies to buy cryptocurrencies with just one click.

Overall, the Bybit x SignalPlus Options Grand Prix competition offers a unique opportunity for both experienced options traders and novices to showcase their skills and potentially win attractive prizes. With the growing interest in cryptocurrency trading, events like these serve as a platform for enthusiasts to test their abilities and engage with the evolving digital asset landscape.