Bybit WSOT 2024 Recap: Record-Breaking Year
The Bybit World Series of Trading (WSOT) is a premier global trading competition that continues to set new benchmarks in the crypto industry. WSOT 2024 saw record-breaking participation, with over 77,000 traders from 161 countries generating $100 billion in trading volume.
This year’s event introduced features like the WSOT DEX Wave, tiered competition leagues and ROI reset options, making the competition more accessible and fair.
This article provides a detailed overview of WSOT 2024, including its highlights, innovative features and exceptional performances by individuals and squads. It also examines Bybit’s efforts to integrate traditional finance (TradFi) and decentralized finance (DeFi) to push the boundaries of crypto trading.
Key Takeaways:
Massive Engagement: 77,809 participants from 161 countries, with $100 billion in trading volume
New Features: DEX trading and tiered leagues added inclusivity and fairness
Top Performers: Record profits of $16.5 million for the leading trader and $6.9 billion in trading volume by the top squad
Bybit World Series of Trading (WSOT)
Launched in 2020, Bybit’s World Series of Trading (WSOT) has become one of the world’s most prominent cryptocurrency trading competitions. Designed to celebrate trading excellence and foster a sense of community, WSOT attracts participants from across the globe who compete for prestige and significant rewards.
The 2024 edition of WSOT raised the stakes with a prize pool of up to 10,000,000 USDT, distributed across three competitive leagues tailored to traders’ capital size:
Lightweight League: Minimum equity of $500
Middleweight League: Minimum equity of $2,000
Heavyweight League: Minimum equity of $10,000
WSOT 2024 emphasized inclusivity with its structured tiers, enabling traders of all levels to participate. Coupled with advanced features such as ROI resets and strategic use of Unified Trading Accounts (UTA), this year’s competition underscored Bybit’s commitment to innovation and fostering global engagement in crypto trading.
Past Bybit WSOT Competitions
The Bybit WSOT has grown into the world’s largest crypto trading competition, showcasing exceptional trading talent and innovation since its 2020 inception. Each following year, WSOT has raised the bar with increasing participation, prize pools and charitable contributions.
Key highlights from past WSOT events include:
2020: The inaugural WSOT debuted with a prize pool of 1.27 million USDT, laying the foundation for a globally recognized trading event.
2022:
Total Prize Pool: 8 million USDT (6 million USDT for the Squad Race and 1 million USDT each for the Solo Race and Speed Zone Loot)
Participation: 69,082 participants from 182 countries
Charitable Contribution: $400,000 in BTC donated to UNICEF
2023:
Total Prize Pool: 8 million USDT (6 million USDT for the Squad Showdown)
Participation: 117,116 participants across 188 countries
Charitable Contribution: $400,000 donated to Dubai-based charities
Record: 102,345 Squad Showdown participants formed 857 teams
With each successive edition, WSOT has further cemented its place as a premier trading competition, combining inclusivity, high stakes and global community engagement.
WSOT 2024: Key Highlights and Records Broken
WSOT 2024 set new standards for crypto trading competitions, attracting worldwide participation and breaking multiple records. This year’s event highlighted the scale, inclusivity and competitive spirit of the global trading community.
Participation and Scale
Traders: 77,809 participants joined the competition
Global Reach: 161 countries were represented, showcasing the event’s universal appeal
Squads: 381 squads competed in the Squad Showdown, emphasizing the collaborative aspect of trading
Prize Pool: A staggering 10 million USDT was distributed across contests like the Squad Showdown, Copy Trading Fest and WSOT DEX Wave
Records Broken
Trading Volume: The competition achieved an all-time high of $100 billion in trading volume, reflecting unprecedented activity
Total Profits: Participants earned over $137 million in profits, underscoring the financial opportunities of WSOT
Standout Performances
Top Individual Trader: The highest-earning trader secured $16.5 million in profits
Largest Squad: Arena Tradingu, with 3,310 members, took the title for squad size
Most Active Squad: Arena Tradingu also led in trades, executing $13.8 million in trading volume during the event
Highest Trading Volume: Squad 852hoodoo generated $6.9 billion in trading volume
Longest Trading Streak: Kennel Capital demonstrated exceptional endurance with 22 consecutive days of trading
WSOT 2024 redefined crypto trading competitions, merging innovation with inclusivity. The event’s record-breaking achievements, robust community engagement and impressive prize pools underscore Bybit’s commitment to elevating the trading experience.
With features like DEX integration and tiered competitions, WSOT continues to push boundaries, setting a benchmark for global crypto events.
WSOT DEX Wave: Expanding Into Decentralized Trading
Introduced at WSOT 2024, WSOT DEX Wave brought DeFi and web3 trading into the spotlight. This new segment allows participants to explore and engage with a variety of web3 projects, competing for the 1,000,000 MNT prize pool while navigating the growing decentralized exchange (DEX) ecosystem.
Participants evaluated over 100 web3 projects, casting votes and contributing 120,000 voting points. The competition featured a fair weighting system, ensuring all projects received a balanced opportunity for recognition.
By engaging with real-use cases, traders not only demonstrated their skills but also gained deeper insights into emerging decentralized technologies.
Key Highlights
Participation: Over 40,000 addresses were involved in the DEX Wave, reflecting significant engagement with decentralized trading
Project Exploration: Participants interacted with over 100 web3 projects, showcasing a wide range of DeFi opportunities
Rewards: Top contributors and projects gained recognition and rewards from the 1,000,000 MNT prize pool
DEX Wave introduced a new dynamic to WSOT, encouraging traders to bridge the gap between traditional trading and the decentralized market. By focusing on web3 projects, the event underlined the expanding role of decentralized platforms in the evolving crypto landscape.
Conclusion: WSOT Established New Records
With record-breaking participation and $100 billion in trading volume, Bybit WSOT 2024 set a new benchmark for crypto trading competitions. The event showcased Bybit’s commitment to innovation, fair competition and a seamless trading experience, solidifying its position as a leader in advancing the global cryptocurrency trading ecosystem.
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