Cryptocurrency derivatives exchange Bybit has announced the launch of the BTC Brawl competition, which has been dubbed the “biggest global team trading competition the world has ever seen!”

Going from strength to strength, after having recently broken the $4,000,000,000 USD mark for 24-hour trading volume, the BTC Brawl is another sign of Bybit’s stratospheric rise in the world of crypto derivatives trading.   

The competition will see traders from all over the world pit themselves against each other to see who can come out as the top BTC Brawler.

Registration for the inaugural BTC Brawl will commence on 18 November 2019 and will follow a team format, with team leaders gunning to recruit the best traders into their respective teams.

Kicking off on 28 November, the contested prize pool will be up to 100 BTC, depending on the number of participants.

The winners will be chosen by calculating the total “Realized Profit and Loss” of every participant. Despite competing in teams, both the top ten teams and individuals overall will win prizes.

To qualify, traders must ensure that they have a minimum of 0.05BTC in equity. We strongly encourage participants to ensure they have a sufficient minimum amount in their accounts when the competition starts to avoid any potential immediate negative returns in the competition.

Upon successful registration, participants must visit the event page to select and join their favorite team. Once a participant has joined a team, they may not switch teams.

Registration will commence on 18 November to 28 November 2019 and the competition will kick off on 28 November at 9 am (UTC), running up till 9 am (UTC) on 13 December 2019.

The total prize pool (including team and individual awards) of the Bybit Games – BTC Brawl Edition can hit up to 100BTC. As part of Bybit’s commitment to giving back to society, 5% of the total prize pool (including team and individual awards) will be donated to charity.

Participants who successfully register during the stipulated registration period will receive a one-time participation bonus. Participants will receive a registration bonus of either $10, $30 or $50 depending on when they sign up.

Bybit is a cryptocurrency derivatives trading platform established in March 2018 and registered in the BVI. It is headquartered in Singapore and has offices in Hong Kong and Taiwan. We have a truly global user base that reaches North America, Europe, Russia, Japan, South Korea and Southeast Asia. Bybit is focused on serving everyone from individual retail clients to professional derivatives traders. Currently, the products on the platform include BTC/USD, ETH/USD, XRP/USD and EOS/USD perpetual contracts. We are committed to creating a fair, transparent and efficient trading environment for our clients.

Find more about Bybit on the official website – https://bybit.com

The post Bybit launches ‘BTC Brawl’ trading competition appeared first on CryptoSlate.

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