Story
Bybit Launches Campaign With 25,000 USDT Prize Pool to Boost Fiat Deposits
Summary
Cryptocurrency exchange Bybit has announced a promotional campaign offering a share of a 25,000 USDT prize pool to eligible users who make qualifying fiat deposits and transactions with its Bybit Pay service.
Bybit, one of the world's largest cryptocurrency exchanges by trading volume, has launched a promotional event aimed at increasing the use of its fiat currency and payment services. The company announced its "Fiat & Pay Summer Splash" campaign, which features a 25,000 USDT prize pool available to eligible participants.
Campaign Mechanics
According to the announcement, the campaign runs until July 15, 2026, at 10 a.m. UTC. To participate, users must register for the event and have completed at least Level 1 Identity Verification. Rewards are limited and will be distributed on a first-come, first-served basis.
Participants can earn entries into a lucky draw by completing specific tasks related to fiat deposits and spending through Bybit Pay. The qualifying actions include:
- New Users: Depositing at least 100 USDT through an eligible fiat channel earns one entry.
- All Users: Depositing at least 1,000 USDT can earn additional entries, with a maximum of five available through deposits.
- New Users: Spending a minimum of 25 USDT via Bybit Pay grants one entry.
- All Users: Spending at least 50 USDT can earn further entries, up to a maximum of five through spending.
Key Details and Restrictions
AdEligible deposit methods for the promotion include the exchange's Peer-to-Peer (P2P) Trading, Fiat Deposit, and One-Click Buy services. Bybit stated that any rewards will be distributed to participants' Rewards Hub within 14 working days after the campaign concludes, and users must manually claim them.
The promotion is subject to significant geographic restrictions. It is not available to users residing in the European Economic Area. Additionally, participants from several other jurisdictions are ineligible for rewards, including Kenya, Nigeria, South Africa, Indonesia, Mexico, the Chinese mainland, the Philippines, Thailand, and Vietnam, among others listed in the terms.
Market Context
Promotional campaigns of this nature are a common strategy for cryptocurrency exchanges to drive user acquisition and platform engagement. By incentivizing fiat on-ramps and the use of integrated payment solutions like Bybit Pay, the exchange aims to increase liquidity and encourage users to utilize its ecosystem for more than just speculative trading. This can help deepen customer relationships and expand the platform's role in users' broader financial activities.