The cryptocurrency exchange Bybit has recently announced the opening of registration for the highly anticipated ‘2023 World Series of Trading (WSOT).’ This event, with a prize pool of up to $8 million worth of USDT, promises to be the most thrilling edition yet. Traders from around the world will have the chance to showcase their skills, compete for luxurious prizes, and win big. With the introduction of demo trading for beginners and influential traders already confirming their participation, WSOT is set to captivate the crypto community and beyond.
Registration and Dates
General registration for WSOT will open on July 24 and close on August 17. This registration period provides traders from all over the world with the opportunity to secure their spot among the elite contenders. The real action is set to begin on August 7 when traders will engage in a fierce battle of strategies and lightning-fast decision-making. This intense competition will push traders to their limits and test their trading talent and determination.
In a move to make the competition more accessible to beginners, Bybit will introduce demo trading for participants for the first time ever. This exciting development allows newcomers to gain experience and confidence before competing against seasoned traders. By giving beginners a chance to practice and learn from their mistakes, Bybit is fostering a supportive and inclusive trading community.
WSOT has already attracted influential traders and megastars who have confirmed their participation in this year’s event. The Moon, CryptoBanter, GINAREA, and Cornix are just a few of the names that will be showcasing their trading talent and strategies. The participation of these well-known figures adds another layer of excitement and prestige to the competition. Traders and enthusiasts alike will have the opportunity to witness their favorite traders in action and learn from their expertise.
Bybit is proud of the success of its previous editions of WSOT. Between 2020 and 2022, the event attracted an impressive 117,000 traders from across the globe and generated a staggering trading volume of over $177 billion. Each edition of WSOT has continued to establish itself as a premier platform for traders to showcase their skills and compete on a global stage. The 2023 edition promises to be even more remarkable, surpassing previous milestones and setting new records.
Expanding Presence and Regulatory Compliance
While organizing the WSOT, Bybit has also been actively expanding its presence worldwide. Recently, Bybit FinTech FZE, the exchange’s subsidiary, received the Minimum Viable Product (MVP) Preparatory License from Dubai’s Virtual Assets Regulatory Authority (VARA). This significant achievement highlights Bybit’s commitment to complying with regulatory requirements and strengthening its position in the industry.
Bybit is closely monitoring the regulatory landscapes in the United Kingdom, Hong Kong, and the European Union as part of its expansion plans. The exchange recognizes the importance of staying informed and adapting to evolving regulations to ensure a seamless trading experience for its users across different jurisdictions. By prioritizing regulatory compliance, Bybit aims to provide a secure and trusted trading environment for its global user base.
The 2023 World Series of Trading is an event that traders of all levels should not miss. It offers a prestigious platform for showcasing trading talent, strategy, and determination. With its innovative features, including demo trading for beginners, and a staggering prize pool of $8 million, WSOT is set to captivate the crypto community and beyond. Prepare to witness the crypto world come alive in the ultimate battle of the best. The stage is set, and the countdown to the most thrilling edition of WSOT has begun.