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Bybit launches Crypto Surf: Copy Traders and Bots Battle for 250K USDT

DUBAI, UAE, April 18, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is making waves with its latest trading showdown: Crypto Surf: Ride the Waves with Trailing Stops . This high-octane competition invites traders to rally behind either copy trading or trading bots, battling it out for their share of a prize pool worth up to $250,000 in USDT . Running from April 18 to May 19, 2025, at 12 a.m. UTC, the event introduces a squad-based structure where users choose their camp, trade strategically, and compete across PnL, ROI and trading volume leaderboards. With a dynamic reward structure, participants can also win by predicting which squad will come out on top. Prize Pool Distribution Highlights: 40% to the champion squad 30% to the runner-up 25% to the top 100 individual traders by volume 5% to users who correctly predict the winning squad The event brings together the best of both worlds: the strategic finesse of copy trading and the automated power of trading bots. It celebrates innovation, user choice, and the thrill of crypto trading. Participants must hold a minimum wallet balance of $1,000 in USDT, generate at least $10,000 in squad volume, and complete identity verification Level 1 to qualify. Users can only register for one squad and vote once to predict the winner. Rewards will be distributed within 14 business days of the event’s completion. The total prize pool will scale in line with event volume milestones, starting at $1.2 billion and unlocking up to $2 billion in traded volume for the full $250,000 in USDT. Bybit continues to redefine the competitive trading landscape – bringing fun, strategy and serious rewards to its global community. #Bybit / #TheCryptoArk 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 . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube CoinTurk News

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Introducing FX perpetual futures

Today we’re thrilled to introduce an asset class that brings the world’s largest financial markets to Kraken Derivatives — FX perpetual futures (FX perps) . The first two perps launching at 20x leverage are EUR/USD and GBP/USD , with more forex pairs on the way soon. This offering gives you the same seamless, intuitive trading experience you’re accustomed to from our 300+ crypto perpetuals within Kraken Pro. Explore FX perps on Kraken Pro Alexia Theodorou, Kraken Head of Derivatives : “Kraken has long been one of the leading FX spot venues in crypto. By introducing FX perps, we’re capitalizing on this market-leading position by providing clients with a powerful new tool to better navigate and tailor exposure to some of the most widely traded currency markets in crypto today. This expands the number of opportunities available for Kraken clients to capture value across a wider range of asset classes, all from one platform.” What are FX perps? FX perps are perpetual contracts based on forex market indices, benchmarked to DxFeed’s Composite Forex Index . These contracts trade without expiry, enabling traders to stay engaged in the forex market, refine strategies and capture opportunities in real time. How FX perps work Real-time underlying data FX Perps update every second when the underlying forex spot market is open. Traders can make decisions based on the most up-to-date market movements. Market closure rules When the underlying forex spot market is closed, special measures maintain fairness and market integrity: Zero funding : No payouts are made if the index price becomes stale, unless more than 50% of the required premium observations are recorded within a period. Price collar restriction : Orders can only be placed within a 4% range of the last observed index price to prevent trades occurring outside reasonable market bounds. Seamless trading experience FX perps live within the Kraken Pro platform’s familiar interface. Aside from special rules during market closures, they behave just like other perpetual contracts, making it easy for both new and experienced traders to get started right away. 24/7 trading FX perp markets are open 24/7, however they reflect traditional market hours when it comes to price updates. You can place trades at any time, but the index pricing will follow the standard open and close for forex markets. Geography and market availability We’re launching FX perps in eligible markets today, with plans to expand to more geographies soon. Stay tuned as we work to bring these products to additional markets, opening up even more avenues for traders to access real-time forex opportunities. Why trade FX perps? Kraken has been ramping up its presence in the forex space, and in 2024 alone, our clients traded $5.4 billion in FX spot markets , including $3.5 billion concentrated in EUR/USD and GBP/USD pairs. With FX perps, we’re expanding the ways you can interact with these critical forex pairs, combining deep market liquidity with a user-friendly platform built for performance. Create a Kraken Pro account The post Introducing FX perpetual futures appeared first on Kraken Blog . CoinTurk News