Bybit Integrates DEX Trading into WSOT 2024, Aiming for a Unified Crypto Ecosystem

Bybit is shaking things up with WSOT 2024 by adding DEX trading. This means they’re bringing together decentralized and centralized platforms for a unified competition. As the crypto world grows, it’s clear that we need to connect these two sides.

Bybit, known as the second-largest cryptocurrency exchange by trading volume, aims to create a more integrated crypto ecosystem. This year’s WSOT (World Series of Trading) will be the first to include decentralized trading options, marking a big step for the trading community.

The WSOT has become a significant event over the past four years. It rewards both individual traders and teams for their skills. In 2022, over 69,000 participants joined, and that number jumped to 117,000 in 2023!

This year, the competition will introduce the WSOT DEX Wave and DEX Pro. These features aim to foster collaboration among builders, traders, and partners in the crypto space. DEX Pro will give traders access to more than one million DeFi tokens, including GameFi tokens and memecoins. That’s a much wider market than previous WSOT events!

Ben Zhou, co-founder and CEO of Bybit, shared, “By integrating DEX trading into WSOT 2024, we’re providing traders with the opportunity to explore both the centralized and decentralized sectors of crypto. This year’s competition offers a unique chance to experience every element of the digital assets market.”

WSOT 2024 features a prize pool of up to 10 million USDT. Participants can win luxury rewards like Rolex watches, travel tickets, and even a yacht! These enticing prizes are designed to attract a wide range of participants, from newcomers to seasoned traders.

This year’s competition structure will also change. A tiered weighting system will prioritize strategy and skill over just having resources. Traders can use subaccounts, allowing them to maximize rewards through one main account and up to four additional ones. Plus, there’s a new ROI reset card to help level the playing field, letting traders reset their return on investment if needed.

To support the Web 3.0 ecosystem, Bybit is teaming up with Immunefi and the Ethereum Foundation to launch Ethereum’s first Attackathon. Bybit will contribute up to 75 ETH to this global event, which aims to enhance the security and innovation of the Ethereum network.

With the introduction of DEX trading, new features, and substantial prizes, Bybit’s WSOT 2024 is set to connect centralized and decentralized sectors. This will create a more inclusive and unified Web 3.0 ecosystem.