Bybit Launches Exciting New Trading Competition: Crypto Surf
DUBAI, UAE, April 18, 2025 – Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced an exhilarating contest named Crypto Surf: Ride the Waves with Trailing Stops. Designed to spark engagement and competition among its global user base, this new initiative invites traders to participate in a battle of skills, with a total prize pool of $250,000 in USDT up for grabs.
A New Era of Trading Competitions
Running from April 18 to May 19, 2025, the Crypto Surf competition introduces a unique structure that encourages collaboration and strategic trading. Participants will align themselves with either copy traders or trading bots, creating what Bybit calls a "squad-based" rivalry. Competitors will vie for top positions across several metrics including profit and loss (PnL), return on investment (ROI), and overall trading volume.
Moreover, there’s an element of prediction involved: users can earn rewards by accurately forecasting which squad will emerge victorious from the competition.
Prize Distribution Breakdown
The prize distribution is designed to reward not just the top-performing squads but also individual traders and those making accurate predictions. Specifically, the distribution is as follows:
- 40% of the prize pool will go to the champion squad
- 30% will reward the runner-up squad
- 25% will be shared among the top 100 individual traders by volume
- 5% will be allocated to users who correctly predict the winning squad
This multi-faceted reward system highlights Bybit’s commitment to enhancing user interaction and excitement within the trading community.
Requirements for Participation
To take part in this competition, users will need to meet specific qualifications:
- Maintain a minimum wallet balance of $1,000 in USDT
- Generate a minimum of $10,000 in squad trading volume
- Complete Level 1 identity verification
Participants are allowed to register for only one squad and can place one vote for the predicted winning squad. For those who complete the competition requirements, rewards will be distributed within 14 business days following the end of the event.
Scaling Prize Pool
Bybit’s approach includes scaling the total prize pool in accordance with trading volume milestones. The competition will initiate with a benchmark of $1.2 billion in traded volume, progressively increasing towards the full prize amount of $250,000 as trading activity escalates.
Bybit’s Commitment to Innovation
The launch of Crypto Surf underscores Bybit’s dedication to transforming the trading experience. Combining the skills of copy trading and the efficiency of trading bots, Bybit continues to promote innovation, user choice, and the thrill of digital asset management for its extensive community of over 60 million users worldwide. Founded in 2018, Bybit strives to create a simplistic yet robust ecosystem within the decentralized finance sector, bridging gaps between traditional finance (TradFi) and decentralized finance (DeFi).
For more information about Bybit and its offerings, visit Bybit.com.
Media Inquiries
For further details or media inquiries, reach out to Bybit’s communication team at [email protected].
Stay connected with Bybit through their communities and social media channels including Discord, Telegram, and Twitter to keep updated on the latest news and events.
This competition is poised to redefine how traders interact and engage with one another on the platform, delivering not only financial incentives but also fostering a vibrant trading community.
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