Bybit Launches BTC vs Tokenized Gold Trading Event With 150,000 USDT Prize Pool

Bybit has launched a trading competition “BTC vs Gold: Pick, Trade and Share 150,000 USDT” running through May 15, 2026, pitting Bitcoin against tokenized gold assets (notably XAU/PAXG/XAUT). Participants earn voting tickets via trading, deposits and referrals; the winning team splits up to 90,000 USDT (60%) and the losing team shares 60,000 USDT (40%). The event is designed to boost trading volume and user engagement on Bybit, potentially increasing liquidity and short-term flows into BTC and tokenized-gold pairs, though it is primarily promotional and not a direct market-moving policy. Geographic and eligibility limits apply; options trading is excluded.