Singapore-based crypto-exchange Bityard will launch its first trading contest before May 2021, with up to 60,000 Tether (USDT) prize pool. The contest registration for each team’s captain is now open.
As mainstream cryptocurrencies such as Bitcoin and Ethereum have been increasing gradually in value, more and more investment institutions and major companies are flooding into the crypto-market. So far, the Bitcoin bull market has shown no sign of ending, and people are expecting Bitcoin to hit $400K this year.
The continuous bull market also boosts the number of active crypto-investors, which is a very good sign for many crypto-exchanges. 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 Bityard’s official site.
The trading contest launched by the crypto-exchange would improve user acquisition and would also spice up the trading experience.
Furthermore, Bityard is not the first crypto-exchange to launch a trading contest. Last year, Bybit, another large crypto-derivatives exchange, according to CoinMarketCap, held a big contest – World Series of Trading (WSOT) – with a great prize, which attracted more than 12K global traders to join the contest.
This time, Bityard has launched a trading game for global crypto-investors, especially newcomers, to engage more people 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.
Disclaimer: This is a paid post and should not be treated as news/advice