Bybit, the second-largest cryptocurrency exchange by trading volume, has launched a new initiative aimed at enhancing liquidity for traders and offering substantial rewards.
The “Liquidity Shield Trading Frenzy,” running from April 7 to May 3, 2025, is designed to offer traders opportunities to enhance their earnings while managing risks.
Mitigating Slippage Risks
The program centers around three key components designed to cater to various types of traders.
Sponsored
First up, Bybit has allocated a $300,000 USDT prize pool for its “Liquidity Shield โ Trade with Confidence” activity.
This initiative focuses on protecting traders from slippageโa situation where the actual execution price of a trade differs from the expected price, often due to high volatility or insufficient liquidity in the market.
Bybitโs program helps mitigate this risk by reimbursing traders for slippage costs on trending USDT trading pairs, with a limit of 10 USDT per trade and a cap of 1,000 USDT per user.
Incentives for High-Volume Traders
Bybit is also giving spot traders the option to compete for a share of a 200,000 USDT prize pool in its “Ultimate 100” contest.
The top 100 traders by volume will battle for rewards, with potential winnings of up to 30,000 USDT. The prize pool is split into two tiers: a Base Pool of $100,000 and a Boost Pool of $200,000, designed to incentivize high-volume trading.
Additionally, the exchange has introduced the “Power Boost โ Unlock Rewards with Hot Tokens” segment, offering a 500,000 USDT prize pool for traders focusing on trending tokens. With a low entry requirement of just 500 USDT, participants can qualify for multiple reward pools based on their trading volume.
Bybit Hit by Lazarus Group Hack
The exchange, which serves more than 60 million users worldwide, has made headlines more frequently than ever before this year.
In February, Bybit experienced a major security breach when North Korea’s Lazarus Group hackers exploited vulnerabilities in the platform’s wallet system, leading to the historic theft of approximately $1.5 billion in Ethereum.
The attackers took control of an Ethereum wallet during a routine transfer, redirecting its contents to an unknown address.
โIn the aftermath of the hack, Bybit has been actively collaborating with industry experts to trace the stolen assets. The exchange also announced plans to refund those impacted.
Why This Matters
Bybit’s $1 million reward initiative aims to attract more traders and potentially increase its market share. As competition in the crypto exchange market grows, such incentives have become a common strategy for platforms seeking to differentiate themselves.
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