Singapore-based crypto exchange Bityard will launch its first trading contest before May 2021, with up to 60,000 Tether (USDT) in rewards. The contest registrations are now open.
So far, the Bitcoin bull market has shown no signs of ending, and some people are expecting Bitcoin to hit as high as $400K by the end of this year. The continuous bull market also boosts the number of active crypto investors, which is a very good sign for crypto exchanges in general.
Bityard, a Singapore-based cryptocurrency derivatives exchange, will soon launch its first global trading contest with up to 60,000 USDT prize pool before May 2021, and the contest registration for each team’s captain is now open on the Bityard official site.
The trading contests launched by crypto exchanges usually add to their user acquisition while simultaneously spicing up the overall trading experience on their respective platforms.
Note that Bityard is not the first crypto exchange to launch a trading contest. Last year, Bybit, another large crypto derivatives exchange, held a grand contest too. Dubbed the World Series of Trading (WSOT), this content came with a grand prize pool that attracted more than 12K global traders.
Bityard is launching the trading game for global crypto investors, especially newcomers, to engage in trading crypto assets.
As the market keeps growing, there will be a rising number of investment companies and retail traders entering the industry, which will further motivate crypto exchanges like Bybit and Bityard to plan exciting trading events for their users.