As a researcher with a background in financial markets and experience in the crypto space, I find the Bybit x SignalPlus Options Grand Prix an intriguing development. The strategic partnership between Bybit, a leading cryptocurrency exchange, and SignalPlus, an options trading platform, is a testament to the growing popularity of derivatives trading in the crypto ecosystem.
As a crypto investor, I’m excited to share that Bybit, the cryptocurrency exchange I frequently use, has recently formed a strategic partnership with SignalPlus, an advanced options trading platform. This collaboration marks the launch of the “Bybit x SignalPlus Options Grand Prix,” a thrilling two-phase competition where participants can compete for a piece of the impressive $100,000 USDC prize pool, along with other attractive rewards.
As a researcher studying partnerships between cryptocurrency exchanges and data analysis firms, I’m thrilled to announce that Bybit, where I serve as Head of Financial Products, will be collaborating with SignalPlus. This collaboration is the Bybit x SignalPlus Options Grand Prix, an event brimming with excitement due to its impressive prize pool of 100,000 USDC and attractive team and individual rewards. I cordially invite everyone to join us for a chance to experience the adrenaline rush of options trading on both Bybit and SignalPlus platforms.
Users Participate as a Team or Individually
As an analyst, I would rephrase it as follows: For both seasoned options traders and those new to the game, Yang viewed this competition as a valuable learning experience. The preliminary stage, referred to as the semi-final, will take place from May 8 to May 24, 2024. Subsequently, the final phase is scheduled from May 8 to June 8, 2024.
A group of traders can collaborate as a united front and potentially earn a reward of up to 8,500 USDC. The top four teams with the best performance will be awarded this prize money. Judgment will be based on various factors including trading volume and transaction count, among others. Importantly, having multiple team members with significant trading volumes of over 500,000 USDC in each stage can significantly boost a team’s ranking compared to their competitors.
Within the given time span of the contest, qualifying teams will partake in a daily raffle draw. The fortunate five members from each winning team will receive a reward of 50 USDC apiece. Meanwhile, the daily champions will be awarded an incredible 3D2N trip to Thailand as a memorable prize.
As a crypto investor, if you choose to join the two-phase competition individually, there are additional rewards up for grabs during Bybit x SignalPlus Options Grand Prix. The top ten performers from this category could potentially win a maximum of 150 USDC each. To take part, registration is mandatory beforehand.
More Activities in the Bybit Ecosystem
As a researcher studying the Bybit x SignalPlus Options Grand Prix, I can share that eligible participants have the flexibility to trade not only options but also perpetual and futures markets. However, it’s important to note that the volume for these trades will be discounted by half when calculating rewards.
In contrast, individuals from Spain, Brazil, Hong Kong, Netherlands, and the UK are barred from joining this occasion. Simultaneously, Bybit has introduced this as just one of its latest user-engaging initiatives, demonstrating its dedication to its clientele.
Last week, the exchange disclosed intentions to launch Notcoin, a play-to-earn game on Telegram, for trading around the end of this month. Meanwhile, Bybit streamlined cryptocurrency acquisitions worldwide by incorporating Google Pay as an option.
Users can seamlessly purchase cryptocurrencies in over 35 different currencies through this integration with a single click.
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2024-05-13 14:28