Story
Bybit Launches Promotional Campaign With 25,000 USDT Prize Pool
Summary
Cryptocurrency exchange Bybit has launched a promotional campaign with a 25,000 USDT prize pool to encourage fiat deposits and the use of its Bybit Pay service. The event, which runs until mid-July, has specific eligibility requirements and geographical restrictions.
Bybit, a major cryptocurrency exchange, has announced a promotional campaign titled "Fiat & Pay Summer Splash" featuring a 25,000 USDT prize pool. The initiative is designed to increase user engagement with the platform's fiat currency deposit channels and its Bybit Pay transaction service.
Campaign Mechanics
According to the company's announcement, the campaign is active now and will conclude on 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 will be distributed on a first-come, first-served basis.
Participants can earn entries into a lucky draw by completing specific tasks:
- New Users: Receive one entry by depositing a minimum of 100 USDT through eligible fiat channels or by spending at least 25 USDT using Bybit Pay.
- All Users: Can earn additional entries for deposits of at least 1,000 USDT or for spending 50 USDT via Bybit Pay, with up to five entries available for each category.
AdEligible fiat deposit methods for the campaign include P2P Trading, Fiat Deposit, and One-Click Buy. The rewards are scheduled to be distributed to participants' Rewards Hub within 14 working days after the event concludes.
Eligibility and Restrictions
The promotion is subject to significant geographical limitations. According to Bybit, users residing in the European Economic Area are not eligible to participate.
Additionally, the announcement specifies that participants from several other jurisdictions are excluded from receiving rewards, including Kenya, Nigeria, South Africa, Georgia, Bangladesh, Indonesia, Egypt, Kyrgyzstan, South Korea, Colombia, Mexico, mainland China, the Philippines, Thailand, and Vietnam. Such campaigns are a common strategy among exchanges to boost trading volume and promote specific platform features, in this case, fiat on-ramps and payment services.