Bybit Kicks off USDT Festival with 1.5 Million USDT in Prizes

Bybit, the world's second-largest cryptocurrency exchange, celebrates financial innovation with the Bybit USDT Festival in a series of events catering to

Bybit is kicking off spring with the USDT Festival, an exclusive series of events and programs that will see the exchange and its community members share over 1.5 million USDT in prizes with traders, Bybit Card holders and new users.

The 500K USDT Derivatives Trading Challenge will see half a million USDT awarded to qualified traders on Bybit’s USDT options and futures products. Participants will receive USDT bonuses based on their contributions to the total trading volume during the event period, which runs from now to Mar. 31, 2025.

The stellar rates on the Bybit Card will also be heating up with a limited-time offer for new users applying for the card. In addition to the 10% cashback exclusive offer for newcomers, successful new applicants will also gain an instant 10 USDT cashback by simply signing up and spending at least 200 USDT or its equivalent. Between Mar. 10 and 31, users can maximize their rewards by setting USDT as the default cashback option for future transactions.

In addition, Bybit users will be able to take advantage of Bybit Learn’s Read-to-Earn program and enroll in USDT-themed courses on Bybit Earn and Bybit P2P for extra rewards. Starting this March, Bybit Learn will be setting aside an additional 20,000 USDT for participants to share in an engaging and informative manner.

Finally, Bybit fans on its official social media and Telegram channels can look out for surprises in mini interactive programs and giveaways with 40,000 USDT in prizes throughout March.

To find out all about the USDT-related benefits and programs at Bybit this spring, users may also want to watch the replay of the USDT Festival livestream featuring speakers from Bybit’s product team, wealth management unit, VIP team and Bybit Card. Designed to empower traders with expert insights and exclusive opportunities, the livestream was a vibrant discussion on advanced USDT trading strategies, hot topics in the market trends and an overview of the exclusive perks and competition mechanisms of the USDT Festival.

High-stake traders have also concluded the USDT-themed March TradeMasters Grand Prix in its first instalment of 2025, which saw a 1 million USDT prize pool.

“The USDT Festival represents our commitment to educating and empowering traders in the dynamic cryptocurrency market. Stablecoins are facilitating financial opportunities for millions of people and businesses around the world today, achieving instant finality and unparalleled cost efficiency. It’s a testament to USDT’s utility that it’s the most used stablecoin in the market. We are rolling out bundles of benefits to support our users in seeking opportunities in the stablecoin ecosystem through Bybit’s powerful platform and offerings,” said Joan Han, Sales and Marketing Director at Bybit.

One of the largest cryptocurrency exchanges in the world, Bybit is a frontrunner in offering cryptocurrency derivatives products, boasting an outstanding liquidity in its USDT futures market. In 2023, Bybit was ranked the second-largest cryptocurrency exchange globally by CCW Volume and the third-largest exchange globally by derivatives volume, according to the industry reports from CoinGecko and TokenInsight respectively.

Recently launched in November 2022, the Bybit Card provides users with an industry-leading 10% flat-rate cashback on all transactions. The card is accepted at any Mastercard outlet and offers users the flexibility to withdraw cash at any ATM in Southeast Asia.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

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