Bybit is hosting a massive trading festival with a $700,000 prize fund

The first Combined Trading Festival was unveiled by Bybit, the third most popular cryptocurrency exchange in the globe. This event, which offers rewards totalling $ 700,000, is open to all Bybit investors.

Bybit is hosting a massive trading festival with a $700,000 prize fund

The tournament will not only offer a distinctive trading experience but also give traders the chance to maximize their trading with the help of Bybit's brand-new Unified Trading Account (UTA) product. 

Investors can now handle their positions in Spot and Futures from a single account with ease thanks to UTA. Trading participants will be ranked according to the sum of their two-week trading volume during the tournament.

Investors can participate in the challenge, which got underway on March 8, until March 25.

Thanks to the deep liquidity it offers and the trading engine that performs transactions in a blink of an eye, Bybit has managed to rank 2nd in both time and futures transactions many times this year with a daily trading volume of tens of billions of dollars. Reaching 14.6% market share, it took its own record to the next level.

All investors who wish to trade futures (USDC and USDT contracts) or spot (aside from USDC/USDT, BUSD/USDT, DAI/USDT, WBTC/BTC, and all USDC pairs in Spot) may enter the event through the festival's gates. 

very accessible. Over the course of two weeks, traders must achieve a total trading volume of at least $1,000 in order to be eligible for the reward. Investors who upgrade to UTA and achieve at least $10,000 in futures trading volume will be eligible for a second prize pool of 50,000 USDC.

The investor's trading activity determines where on the leaderboard their names will appear. As a result, more rewards become available. This competition's reward pool consists of ranking awards as well as a random prize draw for the competitors who best fit the requirements. As a result, traders have a chance to receive multiple prizes.

The distinctive UTA product from Bybit is designed to meet all the requirements of investors while providing a seamless and strategic trading experience. Investors can trade using a single account on assets like Spot, Timed, Futures, and Options.

 Bybit's UTA product covers over 60 assets for cross-margin transactions and provides a clear and thorough view of the risk and margin situations between positions. Due to its greatest level of flexibility and capital efficiency in the sector, it also enables the use of even unrealized profits to open new positions.

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