Hassan Maishera
Bybit, the world’s second-largest crypto exchange by trading volume, announced on Thursday, July 18th, that it has launched a new competition mechanism: Subaccount.
In a press release shared with Cryptowisser, Bybit explained that is Subaccount an industry-first mechanism to allow users to participate in multiple campaigns simultaneously.
The crypto exchange added that the Subaccount Summer Gold Challenge is the inaugural trading competition event utilizing this new standard, offering crypto enthusiasts a chance to compete fairly for a massive prize pool of 3,000,000 USDT.
Bybit Subaccount Revolutionizes Trading Competitions
With the launch of Bybit Subaccount, the crypto exchange is ushering in a new era of organized and fair competition. This innovative approach indicates Bybit's commitment to empowering traders with versatile tools for success.
While commenting on this launch, Joan Han, Bybit's Director of Sales and Marketing, said,
“Subaccounts empower traders with unmatched flexibility. This industry-first system allows participants to compete in multiple campaigns simultaneously, tailoring their strategies and maximizing their chances of winning."
Traders will enjoy a wide range of benefits with Bybit Subaccount. Some of these benefits include
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Compete Strategically: Traders can engage in multiple campaigns simultaneously with separate balances, maximizing strategic options and boosting winning potential.
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Clear and Straightforward: Keeps things clear and straightforward, boosting the potential for success by allowing targeted management of each trade or mini-portfolio.
Subaccount Summer Gold Challenge: Bybit Invites Traders to Test their Skills
Bybit revealed that the Subaccount Summer Gold Challenge will open for registration and participation on Jul. 23, 2024, at 10 AM UTC and will run until Aug. 11, 2024, at 10 AM UTC. Traders will battle across two distinct battlegrounds:
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PnL(%) Leaderboard: Test your trading prowess and compete for the highest percentage return on investment.
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VIP TradeMasters: Showcase your trading volume and climb the ranks for exclusive rewards.
The various battlegrounds offer traders a unique challenge while providing services to varying levels of trading expertise and sophistication, and promising substantial rewards.
To participate, traders will need to have a minimum net equity of $100 in their Subaccount Derivatives Wallet and achieve a required trading volume to qualify for rewards.
Furthermore, the crypto exchange offers bonus incentives such as a welcome bonus of up to 800 USDT for new VIP members and a referral bonus for every qualified new participant brought into the platform.
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 33 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.
