Bybit BTC vs Tokenized Gold Trading Event Offers $150,000 USDT

Published: 2026-04-28 14:20:11 |

Bybit has launched a “BTC vs Tokenized Gold” trading competition with a total prize pool of 150,000 USDT, running until May 15, 2026. The event pits BTC against tokenized gold products, letting traders pick a side and earn via trading activity. In “BTC vs Tokenized Gold,” participants choose either BTC (often described as “digital gold”) or tokenized gold assets including XAUT, XAU and PAXG (also referenced as PAXG and Tether Gold). After registration, users receive “voting tickets” by trading eligible spot pairs. Each completed task increases the team’s ticket count, and the team with more accumulated tickets wins. Prize distribution is split by team performance: up to 90,000 USDT to the winning side, and 60,000 USDT shared among participants on the losing side (60%/40% of the pool). Additional engagement includes deposit and referral tasks, plus lucky draw entries through task completion. “Mystery box” rewards are credited shortly after a win. Eligibility: only main-account volume counts (subaccount activity is consolidated). Eligible trades are BTC, XAUT, XAU and PAXG spot pairs; options trading is excluded. The campaign is geographically restricted and not available in restricted jurisdictions, including the EEA. For traders, this “BTC vs Tokenized Gold” promotion is mainly an exchange engagement catalyst and is unlikely to materially change broader spot demand, though it may temporarily boost liquidity in the specific BTC/tokenized gold pairs being promoted.

Neutral

The event is designed to drive exchange participation rather than change underlying BTC or tokenized gold fundamentals. By rewarding trading activity in specific spot pairs (BTC, XAUT, XAU, PAXG) and using main-account volume rules plus geographic restrictions, it may create short-lived order-flow and liquidity around the promoted markets. However, since the campaign is not directly linked to spot supply/demand shifts, and options are excluded, broader price impact on BTC itself is expected to be limited. Any bullish effect would likely be temporary (engagement-driven), while structural effects remain neutral.