Bybit Pits BTC Against Tokenized Gold in $150K Trading Battle

Bybit launched a two-week trading competition, “BTC vs Gold: Pick, Trade and Share 150,000 USDT,” pitting Bitcoin against tokenized gold (XAUT, XAU, PAXG). The event runs through May 15, requires registration, consolidates subaccount volume under main accounts, and counts spot and derivatives (options excluded). The 150,000 USDT prize pool is split 60/40 between the winning and losing teams (90,000/60,000). Bybit’s promotion is designed to boost trading volumes and user engagement, and to cross-pollinate interest between crypto-native assets and tokenized real-world gold products. Geographic exclusions (EEA) reflect regulatory constraints. Market impact: the campaign could temporarily lift BTC and tokenized-gold turnover on Bybit, accelerate trader familiarity with gold-backed tokens, and help exchanges test demand for tokenized real-world assets, but effects are likely short-lived and concentrated on Bybit’s user base.