Bybit Dangles $200K Prize Pool as Bitcoin Surges Past $78,000
Bybit is capitalizing on the recent surge in Bitcoin prices with two new initiatives aimed at rewarding traders and long-term holders. The first, Bull Incoming, offers a boosted APR for BTC Earn, a fixed-term product that has a combined pool cap of 243.33 BTC. This limited-time offer is available from now until August 28, 2026, and individual subscriptions are capped between 0.001 BTC and 1 BTC per user on a first-come, first-served basis.
The second initiative involves new leaderboards for Spot and Derivatives traders, with a prize pool of up to 200,000 USDT available. Eligible users can participate by trading specific pairs and registering for the event. In addition, users who complete daily and recurring tasks can enter a lucky draw to win up to 100 USDT.
The move is seen as an attempt by Bybit to support its trading community during times of market volatility. The company believes that every person should have access to financial opportunities worldwide and aims to build a platform that connects people to global finance through AI-powered technology, deep liquidity, robust security, and transparent operations.