Place/Date: SINGAPORE - September 3rd, 2020 at 10:00 am UTC · 3 min read
Contact: Bybit, Source: Bybit
The inaugural World Series of Trading (WSOT), the world’s largest cryptocurrency trading event, concluded on August 31 amid much fanfare. South Korean outfit W.T.C cruised to a convincing victory at the main event “BTC Troop Showdown”, reaping a massive 35 BTC top prize.
The competition was powered by Bybit, and drew 135 teams and 12,368 participating traders from around the world to contend with their peers in the main event BTC Troop Showdown and individual event USDT Solo Throwdown. Participants successfully unlocked a 100 BTC prize pool in BTC Troop Showdown, and an additional 90,000 USDT price pool in USDT Solo Throwdown. The unprecedented combined prize pool amounted to $1.27 million.
Trader junki84 of W.T.C vaulted into the top position in personal P&L in the main event with a 5242.02% finish. He was also triumphant in the USDT Solo Throwdown with a 4974.22% P&L.
Trader SalsaTekila clinched second position in personal P&L (3956.56%), and propelled his troop Jalapeño to a second position finish.
Coming third was the ironically named “Live Traders Suck”, a troop captained by poker star Mike McDonald, whose personal catchphrase is “Live Players Suck”, a reference to certain mean-spirited poker players he encountered early in his poker career.
Ben Zhou, co-founder and CEO of Bybit, said:
“We are honored to bring the exhilaration of competitive trading to the crypto community with WSOT, and grateful for the incredible enthusiasm and support the competition has received. WSOT will return even bigger and better in the next edition.”
This summer’s edition of WSOT took traders on a journey through the galaxy with space-themed events and competitions. Participating traders enjoyed many perks throughout the tournament, including bonuses, trading fee discounts, and exclusive WSOT merchandise. The grand prize pool for the main event was a record-breaking 100 BTC, doubling the 2019 “Bybit Games: BTC Brawl” prize pool of 50 BTC.
Another significant milestone for Bybit during WSOT was a partnership with UNICEF New Zealand, in which a cryptocurrency donation equivalent of more than $100,000 (10 BTC, 5 BTC from the WSOT prize pool, 5 BTC from Bybit) was made to assist in UNICEF’s efforts in helping vulnerable children recover from the fallout of the current global pandemic.
The World Series of Trading (WSOT) is a major global trading competition powered by Bybit. The competition aims to champion the spirit of competition, fair play, and cultivate camaraderie between crypto derivatives traders from all over the world, with the ultimate goal of creating positive change in the crypto space.
Bybit is a cryptocurrency derivatives trading platform established in March 2018. The company is registered in the British Virgin Islands (BVI), and provides online trading services to individual retail clients as well as professional derivatives traders.