Bybit offers one ticket for every 50,000 USDT in trading volume for perpetual and futures contracts, one ticket for every 15,000 USDT in options trading volume, and one ticket for every 10,000 USDT in spot trading volume.
The crypto world has a longstanding relationship with sports, particularly football. Bybit, a leading digital asset trading platform, has cemented its presence in the sports arena by partnering with Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team. The exchange is now launching its Crypto Cup in 2024. This unique event provides an opportunity for crypto traders and football fans to win a share of the substantial 500,000 USDT prize pool.
According to the official press release, the Crypto Cup 2024 is scheduled from June 12, 2024, at 10 a.m. UTC, to July 14, 2024, at 7 p.m. UTC. The event aims to merge the thrill of soccer with the dynamic nature of crypto trading.
To earn Crypto Cup Tickets, Bybit users can participate in a range of activities on the exchange. Each ticket will enable them to vote for their favorite Soccer teams and earn Crypto Cup Points, which will determine each participant’s share of the prize pool.
Beyond the main prize pool, Bybit is offering an exclusive trip to Austria for one lucky winner in each of the five rounds of lucky draws. This luxurious reward includes a round-trip ticket and a one-night stay at a high-end hotel.
How to Earn Crypto Cup Tickets?
Bybit offers one ticket for every 50,000 USDT in trading volume for perpetual and futures contracts, one ticket for every 15,000 USDT in options trading volume, and one ticket for every 10,000 USDT in spot trading volume. Referring friends who deposit and trade on Bybit will also earn tickets. Additionally, creating a Bybit Cloud Wallet or a Keyless Wallet will provide a ticket, and achieving a trading volume of at least 5,000 USDT using a Trading Bot will secure another.
The exchange also offers Crypto Cup Tickets to both new and existing VIP users based on their VIP level. Moreover, it also grants tickets to users for spending with the Bybit Card or referring friends to apply for the card.
The world’s largest crypto trading firm Binance previously announced an exclusive multi-year partnership with Manchester United and Portuguese superstar Cristiano Ronaldo. It has also recently launched a blockchain-backed football initiative that included challenges with a prize pool of $1 million tokens.
Founded in 2018, Bybit has a substantial presence in the sector. As per the data from CoinMarketCap, it is the second biggest exchange in volumes of derivatives and the fourth by spot trading volumes.
Recently, Bybit chief executive Ben Zhou cleared the air of rumors of insolvency by assuring the public that the company is on record as having a very healthy balance sheet. The executive also provided a link to the exchange’s proof-of-reserves (PoR), showcasing the assets held by the exchange.
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