#Cryptocurrency #USA #Bybit #Dubai #Global Fest

Bybit Launches Global Assets Trading Fest

Bybit, recognized as the second largest cryptocurrency exchange worldwide based on trading volume, has officially introduced the Global Assets Trading Fest. This exciting trading competition is set to reward participants with a substantial prize pool totaling $202,000 USDT. The festival invites traders to engage within both traditional finance (TradFi) and the vibrant world of cryptocurrency markets.

The event commenced recently and will continue until July 16, 2026. Participants have the chance to compete on two separate leaderboards, each based on individual trading volume. Each leaderboard boasts a prize pool of up to $101,000, with the top trader in each category eligible to claim a rewarding $20,000 in USDT.

This trading fest provides an excellent platform for participants to explore a diverse range of global asset categories available on Bybit. The offerings include precious metals, commodities, oil, foreign exchange (forex), indices, stock CFDs, and selected real-world asset (RWA) markets in the crypto sector.

Competition Structure

The competition is divided into two main categories:
1. TradFi Leaderboard: This leaderboard accounts for trading volumes generated from eligible traditional finance pairs which encompass precious metals, commodities, oil, forex, indices, and stock CFDs.
2. Crypto (Spot & Futures) Leaderboard: This leaderboard reflects trading volumes in eligible crypto spot and perpetual futures markets. Participants can engage in trading across pairs such as xStocks and RWA.

It's crucial for participants to be aware that the trading volume from zero-fee pairs is not counted toward the leaderboard calculations. For those interested in entering the competition, user registration is required through the event page. Additionally, they must complete Identity Verification Level 1 or higher and trade eligible assets within the campaign period.

Trading activities utilizing Bybit Trading Bots and Copy Trading strategies will also contribute to the rankings for each respective category.

Eligible Assets Breakdown

TradFi Instruments Include:

• - XAUUSD (Gold)
• - XAGUSD (Silver)
• - A variety of commodities, oil, forex, indices, and stock CFDs.

Crypto Spot Markets Include:

• - Eligible xStock pairs such as NVDAX/USDT, SPCXX/USDT, and TSLAX/USDT.
• - RWA pairs, including XAUT/USDT and ONDO/USDT.

Crypto Futures Markets Include:

• - Stock, commodity, and RWA perpetual contracts, including NVDAUSDT, SPCXUSDT, XAUTUSDT, and ONDOUSDT.

Participants must also consider that the trading volumes from subaccounts will be aggregated and counted under the principal account to determine overall rankings.

In the situation of tied trading volumes, Bybit has stated that the individual who first achieves the tied volume will retain the higher ranking. To ensure a fair competition, Bybit reserves the right to disqualify any participant found engaging in practices like wash trading, market manipulation, or any other form of abusive activity.

Rewards from this fest will be distributed in USDT to the winners' Spot Accounts within 20 working days following the conclusion of the competition.

This opportunity is open to eligible Bybit users, providing they register for the event and trade through Unified Trading Accounts. Notably, institutional users, market makers, or affiliates are exempt from participation.

For comprehensive details on eligibility and any potential restrictions, participants are encouraged to visit the Global Assets Trading Fest page on Bybit.

Bybit is committed to enhancing transparency and accessibility in the trading arena, contributing to a more equitable ecosystem within the decentralized finance landscape. With a user base exceeding 80 million globally, Bybit aims to bridge the gap between traditional finance and the crypto world, paving the way for innovative trading experiences.

As the competition unfolds, traders are encouraged to seize the opportunity to unlock their potential and participate in this unique trading event that promises excitement and significant rewards.