PRESS RELEASE. Singapore-based cryptocurrency exchange Bityard will launch its first trading competition in May 2021 with a prize pool of up to 60,000 Thera. Registration for each team captain competition is open.
As the value of major cryptocurrencies like Bitcoin and Ether has gradually increased, more and more investment institutions and large companies have flooded the cryptocurrency market. So far, the bitcoin bull market has shown no signs of ending and some expect bitcoin to reach the $400,000 mark this year. With the continued bull market, the number of active crypto investors is also increasing, which is a very good sign for many crypto exchanges.
Singapore-based crypto-currency derivatives exchange Bityard is launching its first global trading competition in May 2021 with a prize pool of up to USDT 60,000, and registration for each team captain is now open on Bityard’s official website. Trading contests organized by cryptocurrency exchanges improve user acquisition on these exchanges and bring vibrancy to the trading process.
Moreover, Bitward is not the first cryptocurrency exchange to launch a trading contest. Last year, another major crypto-derivatives exchange, Bybit, held a major contest, the World Series of Trading (WSOT), with a large prize pool that attracted more than 12K global traders to participate, according to Coinmarketcap.
This time, Bityard is launching a trading game for global crypto investors, especially beginners, to get more people interested in trading crypto assets. As the market continues to grow, more and more investment firms and retailers will join the industry, further motivating cryptocurrency exchanges like Bybit and Bityard to plan exciting exchange events for their users.
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