Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bybit Taps into Bitcoin FOMO with Willy Wonka-Esque Campaign

Bybit Taps into Bitcoin FOMO with Willy Wonka-Esque Campaign

DailyCoinDailyCoin2024/02/16 19:49
By:DailyCoin
  • Bybit has launched a Bitcoin rewards campaign for users.
  • Aside from Bitcoin, users will also stand a chance of winning smaller prizes like iPhones.
  • The campaign comes as exchanges seek to capitalize on the recent crypto market recovery.

With Bitcoin ‘s recent resurgence fueled by the approval of spot Bitcoin ETFs , the anticipation of the halving , and hopes of changing macroeconomic winds, interest is returning to the crypto space. Amid the growing excitement, crypto firms that have weathered the harsh crypto winter are looking to capitalize.

Among these firms is Bybit . The leading derivatives crypto exchange, Bybit, has recently announced a new campaign promising active users Bitcoin rewards.

Bybit Offers Five Golden Coins

In a press release on Thursday, February 15, Bybit announced its “Wish Upon a Bitcoin Campaign,” inspired by Willy Wonka’s five golden tickets. Unlike the Willy Wonka campaign, which offered users a lifetime supply of chocolate, Bybit’s campaign offers a shot at life-changing wealth with 5 BTC up for grabs.

Per the promo page , users can get a lucky draw by completing specific tasks relating to their account or trading. The exchange disclosed that they would refresh these tasks every seven days for four rounds. Aside from the Bitcoin rewards, users can also win other prizes like USDT vouchers or an iPhone 15.

Commenting on the campaign, Bybit co-founder Ben Zhou asserted that it reflected this exchange’s commitment to positively impacting the lives of its users.

"Bybit has always been about more than just trading. 'Wish Upon a Bitcoin' reflects our commitment of #TheCryptoArk to being a force for positive change in the lives of our users. We want to be the bridge that turns dreams into reality, especially in the ever-evolving world of crypto. This campaign will help our users unlock the doors to financial opportunities and fulfilling aspirations," Zhou enthused.

The Wish Upon a Bitcoin campaign will end at 10 AM UTC on March 15, 2024.

Crypto Trading Back on the Rise?

With crypto prices declining and several leading crypto firms going belly up in 2022, trust in centralized crypto exchanges and general market interest had decreased, leading to a corresponding dip in trading volumes and revenue for centralized platforms. However, crypto trading volumes are rising again, with crypto asset prices mounting a resurgence in 2023.

According to CCData, spot trading volumes on centralized exchanges have grown in the last four months, while derivatives volumes have grown in three of the previous four months. As reported by DailyCoin in January 2024, Bybit has been among the big winners in this resurgence, adding 2.2% to its market share in 2023 amid shifting regulatory dynamics.

On the Flipside

  • Despite assertions of positively impacting users’ lives, Bybit stands to gain from a boost in trading volume.
  • Bybit still faces steep competition from Binance .

Why This Matters

Bybit’s campaign highlights the efforts of crypto firms to capitalize on growing excitement around the crypto space as Bitcoin claims new highs.

Read this for more on the battle for market share among crypto exchanges:
Binance Dips Below 50% Market Share, OKX and ByBit Gain

PANDORA holders are showing diamond hands. Find out more:
Ethereum Hybrid Token Pandora Holders Unfazed by Price Dump

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!