Bybit, the cryptocurrency exchange platform serving more than 80 million users globally, has officially launched the main competition of its World Series of Trading (WSOT) 2026. The Squad Showdown, which began at 10:00 AM UTC today, will run until December 2, 2026, at 10:00 AM UTC, with participating squads vying for a prize pool of up to 3,200,000 USDT.
The Individual Showdown and AI Showdown also commenced today, bringing solo traders and AI-powered trading accounts into the fold. Across all three categories, participants can compete for up to 10 million USDT in total rewards.
Record Participation Ahead of Main Event
Since registration opened on October 29, nearly 300,000 traders have signed up for WSOT 2026. More than 1,500 squads were formed during the squad creation period, which closed on November 12 at 10:00 AM UTC. Under this year's theme, The World Trades Here, the tournament expands beyond cryptocurrency trading to include stocks, commodities, and AI-driven trading strategies, bringing multiple asset classes and trading approaches into a single competition.
Squad Showdown Reward Distribution
Squads are ranked based on their P&L% scores. Rewards earned by each squad are distributed among its members according to the squad's internal rules. Additionally, a separate 50,000 USDT prize pool is allocated to the Best Squad Leaders. To qualify, leaders must have more than 50 active trading members in their squads. Each qualifying leader's share is calculated based on their squad's proportion of active members across all qualifying squads.
Late Entry Window for Traders
Although squad creation has ended, traders can still join an existing squad until November 19, 2026, at 10:00 AM UTC. Participants can join through a squad invitation link, search for a squad by name, or select from recommended squads on the WSOT 2026 page. Traders can compete in both the Squad Showdown and Individual Showdown simultaneously, using one main account and up to six subaccounts, including AI subaccounts.
Pro users, market makers, and institutional users are not eligible to participate. WSOT 2026 is also not open to residents of the European Economic Area or other restricted regions. For full rules and Terms and Conditions, visit the official WSOT 2026 page.
Disclaimer: Trading involves risk, including the loss of all funds invested. Virtual assets may lose their value in full or in part, are subject to extreme volatility, and do not benefit from any form of financial protection. Leveraged products carry a high level of risk. Eligibility and geographic restrictions apply. Product availability may vary by region. This content is for informational purposes only and does not constitute an offer, solicitation, or recommendation to access or use any product or service.
About Bybit
Bybit is The New Financial Platform. The company believes every person should have access to every financial opportunity on earth, and is building an intelligent platform that connects anyone, anywhere to the world's finance. Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit aims to make global finance more accessible, efficient, and empowering for everyone.
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