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 prizes.
Hao Yang, Head of Financial Products at Bybit, expressed his excitement about the partnership, stating, “We’re excited to partner with SignalPlus on the Bybit x SignalPlus Options Grand Prix. 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 consists of two phases: the semi-final, which runs from May 8 to May 24, 2024, and the final lap, which takes 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. Teams will be judged based on trading volume, total transaction count, and other criteria.
Participants in the competition can also trade perpetual and futures on the Bybit platform, although the volume will be discounted by 50% when rewards are calculated. It is important to note that residents of Spain, Brazil, Hong Kong, Netherlands, and the United Kingdom are not eligible to participate in the event.
In addition to the Options Grand Prix competition, Bybit has been actively engaging with its users through various activities. Recently, 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 compete for attractive prizes. Interested participants are required to register before they can join the competition and vie for the rewards on offer.