[PRESS RELEASE – Dubai, United Arab Emirates, October 2nd, 2024]
The world’s largest cryptocurrency buying and selling occasion will now function Web3 and DEX integration, bringing merchants, builders, and companions into a brand new period of decentralized landscapes.
Bybitis the world’s second-largest cryptocurrency alternate by buying and selling quantity and is integrating Web3 and decentralized alternate (DEX) buying and selling into its famend 2024 World Series of Trading (WSOT) World commerce competitors.
Bybit’s WSOT 2024 goals to convey collectively DEX lovers from the Web3 area and gamers from centralized exchanges (CEX) to compete on the earth’s largest and longest-running cryptocurrency buying and selling competitors. The prize cash of the competitors is as excessive as 10,000,000 USDT, and the rewards embrace Rolex watches, round-the-world journey tickets, yachts, and many others.
The mixing, known as WSOT DEX Wave, redefines Bybit’s position from an alternate to a key participant in constructing a Web3 ecosystem and supporting international crypto customers.
Because the WSOT occasion sequence first launched in 2020, the competitors has grown into a world sensation, creating an area for merchants, builders, and companions within the cryptocurrency area to compete and collaborate.
Web3 and DEX integration: WSOT 2024 would be the first time Bybit affords merchants from the Web3 native decentralized ecosystem the chance to compete, actually breaking new floor for this yr’s aggressive potential.
Improve the competitors system: Bybit’s WSOT 2024 will undertake a graded weighting system to make sure equity all through the competitors. This technique ensures that the benefit of the useful resource by no means outweighs the demonstration of actual buying and selling expertise.
Insights from across the globe: WSOT 2024 will see a big improve in WSOT-related reside broadcasts in comparison with earlier milestones. Spectators and individuals will profit from insights from international companions, gaining a very international perspective all through the competitors.
Deposit and withdraw over 1 million DeFi tokens by means of the next strategies DEX wave: WSOT 2024 launched Bybit Web3’s DEX Professional, offering individuals with entry to greater than 1 million decentralized tokens. Members can have the chance to commerce a variety of DeFi belongings, together with GameFi tokens, memes, and different DeFi tasks. This new function will likely be supported by greater than 100 ecosystem companions together with Yescoin, Bonk, Catizen, Navi Protocol, Blackcardcoin and Character X, bringing a very distinctive Web3 and DeFi expertise.
“WSOT 2024 opens the door to a broader expertise within the crypto world,” mentioned Ben Zhou, co-founder and CEO of Bybit. “Via our distinctive merchandise on CEX and DEX, we offer merchants with the flexibility to navigate either side of the market and Instruments to discover new prospects. I’m excited to see how they may use this chance to problem themselves and take their buying and selling to the subsequent degree.
WSOT 2024’s concentrate on Web3 and DEX collaboration underscores Bybit’s dedication to making a extra related and collaborative crypto ecosystem. This yr, Bybit partnered with Immunefi and the Ethereum Basis to sponsor Ethereum’s first Attackthon and donated as much as 75 ETH to help this international hackathon. The Attackathon goals to extend innovation and safety within the Ethereum ecosystem as WSOT works to construct a safer area for all Web3 and crypto customers.
About Bybit
Bybit is the world’s second-largest cryptocurrency alternate by buying and selling quantity, serving greater than 49 million customers. Based in 2018, Bybit supplies an expert platform the place cryptocurrency buyers and merchants can discover a super-fast matching engine, 24/7 customer support and multi-lingual neighborhood help. Bybit is a associate of reigning Formulation 1 staff and driver champion Oracle Pink Bull Racing.
To be taught extra about Bybit, please go to https://www.bybit.com
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