Blockchain Press Releases
Global Autonomous Underwater Vehicle Market to Surpass USD 5.5 Bn By 2031| Growth Market Reports
PUNE, India, June 22, 2023 /PRNewswire/ — According to a recent market study published by Growth Market Reports, titled, “Global Autonomous Underwater Vehicle Market Segments – by Type (Small AUVs (upto 100m depth), Medium AUVs (100m–1000m depth), and Large AUVs (above 1000m depth)), Shape (Torpedo, Streamlined Rectangular Style, Laminar Flow Body, and Multi-hull Vehicle), Technology (Communication System, Collision Avoidance System, Navigation System, and Imaging System), Propulsion System (Mechanical System, Electric System, and Hybrid System), Payload Type (Sensors, Cameras, Echo Sounders, Synthetic Aperture Sonar, Acoustic Doppler Current Profilers, and Others), Application (Scientific Research, Oil & Gas Industry, Military & Defense, Archaeology & explorations, Oceanography, Environment Protection & Monitoring, Seabed Mining, Rescue Activities, and Others), and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031“, the market size was USD 2.01 Bn in 2022 and is expected to surpass USD 5.5 Bn expanding at a CAGR of 14.4% by the end of 2031. Increasing usage of autonomous underwater vehicles for oceanographic, commercial, and military missions is anticipated to fuel the market in the coming years.
Key Market Players Profiled in the Report
- Lockheed Martin Corporation
- General Dynamics Corporation
- Boeing
- Kongsberg
- BAE Systems
- ATLAS ELEKTRONIK GmbH
- International Submarine Engineering Limited
- Eelume AS
- ECA GROUP
- Graal Tech Srl
- ecoSUB Robotics Limited
- HYDROMEA
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The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics. It provides an in-depth analysis of the market segments, which include type, shape, technology, application, and competitor analysis.
This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.
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Regional Highlights:
On the basis of region, the global autonomous underwater vehicle market is classified as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is projected to dominate the global market, owing to the rising procurement of advanced autonomous underwater vehicles by the US Navy for intelligence, surveillance, and reconnaissance operations.
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Key Takeaways from the Study:
- Autonomous underwater vehicles (AUVs) are self-propelled vehicles that are equipped with sensors, actuators, and onboard intelligence.
- These vehicles are widely used to complete survey and sampling tasks with little or no human supervision.
- Rising adoption of AUVs in defense for coastal security, surveillance, and anti-submarine warfare is expected to drive the market during the forecast period.
- Growing exploration activities in the ocean for oil & gas, due to the increasing demand for energy is likely to boost the market.
- Exploring rare earth minerals using AUVs is likely to create immense growth opportunities in the market.
- The medium AUVs segment is projected to expand at the fastest CAGR during the forecast period, due to the rising demand from oil & gas industries for exploration of offshore oil.
- The torpedo segment is anticipated to hold a major share of the market, as it is useful for ground-level mapping and imaging.
- The navigation system segment is expected to expand at a robust growth rate during the forecast period, as this technology offers accuracy in underwater data collection.
- The military & defense segment is projected to dominate the market in the coming years, owing to the rising demand for underwater surveying for border and coastal security.
Read 330 Pages Research Report with Detailed TOC on “Global Autonomous Underwater Vehicle Market Segments – by Type (Small AUVs (upto 100m depth), Medium AUVs (100m–1000m depth), and Large AUVs (above 1000m depth)), Shape (Torpedo, Streamlined Rectangular Style, Laminar Flow Body, and Multi-hull Vehicle), Technology (Communication System, Collision Avoidance System, Navigation System, and Imaging System), Propulsion System (Mechanical System, Electric System, and Hybrid System), Payload Type (Sensors, Cameras, Echo Sounders, Synthetic Aperture Sonar, Acoustic Doppler Current Profilers, and Others), Application (Scientific Research, Oil & Gas Industry, Military & Defense, Archaeology & explorations, Oceanography, Environment Protection & Monitoring, Seabed Mining, Rescue Activities, and Others), and Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2022 – 2030″
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Key Segments Covered
Type
- Small AUVs (upto 100m depth)
- Medium AUVs (100m–1000m depth)
- Large AUVs (above 1000m depth)
Shape
- Torpedo
- Streamlined Rectangular Style
- Laminar Flow Body
- Multi-hull Vehicle
Technology
- Communication System
- Collision Avoidance System
- Navigation System
- Imaging System
Propulsion System
- Mechanical System
- Electric System
- Hybrid System
Payload Type
- Sensors
- Cameras
- Echo Sounders
- Synthetic Aperture Sonar
- Acoustic Doppler Current Profilers
- Others
Application
- Scientific Research
- Oil & Gas Industry
- Military & Defense
- Archaeology & explorations
- Oceanography
- Environment Protection & Monitoring
- Seabed Mining
- Rescue Activities
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Other Related Reports:
- Underwater Robotics Market Segments – by Applications (Commercial Exploration, Scientific Research, Defense & Security, and Others), Types (Autonomous Underwater Vehicles and Remotely Operated Vehicles), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
- Global Underwater Location Beacon Market by Type (Cockpit Voice Recorder (CVR), Flight Data Recorder (FDR), Others), By Application (Military, Commercial and Civil) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030
- Global Armored Unmanned Underwater Vehicle Market by Type (Remotely Operated Vehicles (ROV), Autonomous Underwater Vehicles (AUV))), By Application (ISR (Intelligence, Surveillance, and Reconnaissance), Mine Countermeasures, Security, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
- Global Marine Robotics Market by Type (Autonomous Underwater Vehicles, Unmanned Surface Vehicle, Underwater Gliders, Other), By Application (Defense, Scientific Research, Commercial) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030
About Growth Market Reports:
Growth Market Reports provides global enterprises as well as small & medium businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. Growth Market Reports has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, and secondary research & consumer surveys.
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Welcome to Blocks & Headlines, your daily deep-dive into the most impactful movements in blockchain technology and the cryptocurrency sector. In today’s edition, we unpack five major stories that illuminate trends in funding, sustainability, payment innovation, banking collaborations, and technical interoperability—all vital signposts for developers, investors, and Web3 enthusiasts. Here’s what’s on the docket:
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Camp Network’s New IP-Focused Testnet
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Blockchain for Sustainable Packaging
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Meta’s Blockchain-Based Payment System Plans
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Mocse Credit Union Joins Metal Blockchain’s Innovation Program
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Apex Fusion on the Urgency of Blockchain Defragmentation
Through concise reporting, opinion-driven analysis, and SEO-optimized insights—featuring keywords like blockchain, cryptocurrency, Web3, DeFi, and NFTs—we’ll explore how these developments shape the next wave of decentralized finance, enterprise adoption, and mass onboarding.
1. Camp Network Launches Testnet for IP-Focused Blockchain
What Happened:
Camp Network has unveiled its long-anticipated testnet following a $30 million funding round led by leading crypto VCs. This new network is tailored for intellectual property (IP) asset tokenization, aiming to streamline rights management and royalty payments via smart contracts.
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Technical Highlights:
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Modular Consensus: Hybrid PoS/PoA consensus that allows IP rightsholders to validate transactions.
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On-Chain Licensing: Smart contracts enabling programmable licensing terms, automated royalty splits, and revocable access controls.
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Interoperability: Bridges to Ethereum and Polygon enable seamless asset transfers and liquidity provisioning.
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Analysis & Implications:
By focusing on IP tokenization, Camp Network addresses a glaring gap in current NFT platforms, which often lack robust legal-framework integration. This specialization could catalyze:
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New Revenue Models: Musicians, authors, and inventors can fractionalize royalties, unlocking liquidity and democratizing investment in creative works.
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Institutional Adoption: Traditional publishers and studios may pilot tokenized licensing, accelerating blockchain’s entrée into regulated industries.
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Secondary Markets: With on-chain licensing data, marketplaces can enforce provenance and anti-fraud measures more effectively.
Camp Network’s testnet success will hinge on developer tooling, legal partnerships, and gas-fee economics. Should it deliver a smooth UX and clear ROI for rightsholders, it could set a new standard for Web3 IP infrastructure.
Source: The Block
2. Blockchain as a Sustainable Packaging Game-Changer
What Happened:
A recent report explores how blockchain can revolutionize sustainable packaging by delivering end-to-end supply-chain transparency. The solution combines on-chain tracking of materials, IoT sensor data for carbon footprint measurement, and tokenized incentives for recycling.
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Key Components:
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Immutable Traceability: Each packaging component is logged on a public ledger, enabling consumers to verify sustainable sourcing.
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Carbon Credit Tokens: Brands earn tokenized credits when they hit recycling targets, tradable on carbon-market DAOs.
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Consumer-Facing Apps: QR-code scanning interfaces reveal environmental impact metrics and reward programs.
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Analysis & Implications:
Integrating blockchain with sustainable packaging tackles greenwashing and fragmented reporting. The ability to tie physical materials to on-chain records introduces:
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Enhanced Accountability: Brands face real-time public scrutiny of ESG claims, improving trust and regulatory compliance.
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Market Mechanisms: Carbon credit tokens linking packaging to broader DeFi ecosystems incentivize circular economy behaviors.
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Consumer Engagement: NFTs or loyalty tokens tied to sustainable purchases could accelerate brand loyalty in eco-conscious demographics.
This convergence of blockchain, IoT, and token economics exemplifies how decentralized technologies can underpin not only financial systems but also planetary stewardship.
Source: Yahoo Finance
3. Meta Plans New Blockchain-Based Payment System
What Happened:
Meta is reportedly developing a blockchain-powered payment network to underpin its digital wallet ambitions, aiming to facilitate low-fee remittances, in-app purchases, and peer-to-peer transfers across Facebook, Instagram, and WhatsApp.
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Proposed Features:
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Cross-Border Settlements: Utilizing stablecoins pegged to major fiat currencies to avoid volatility.
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Layer-2 Scalability: Built atop an Ethereum Layer-2 or a proprietary chain to ensure sub-second confirmation times and minimal fees.
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Regulatory Compliance: On-chain KYC/AML checks integrated via permissioned sidechains.
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Analysis & Implications:
Meta’s push into blockchain payments could reshape the competitive landscape:
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Crypto On-Ramp: With 3 billion+ monthly users, built-in wallet functionality could massively expand mainstream cryptocurrency adoption.
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Disintermediation Risk: Traditional payment processors and remittance services face margin compression as Meta internalizes transaction flows.
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Regulatory Scrutiny: Centralized control of a global payments network raises data-privacy and antitrust questions, likely attracting significant oversight.
If Meta balances decentralization ethos with compliance demands, it could serve as a blueprint for other Big Tech firms eyeing Web3 integration.
Source: Dig.watch
4. Mocse Credit Union Joins Metal Blockchain’s Banking Innovation Program
What Happened:
Mocse Credit Union has signed on to Metal Blockchain’s Banking Innovation Program, a consortium designed to accelerate pilot projects in tokenized lending, fractional deposits, and programmable savings accounts.
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Program Benefits:
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Sandbox Environment: Regulatory-compliant testbeds for tokenized asset experiments.
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API Integrations: Plug-and-play modules for KYC, smart-contract auditing, and fiat-crypto on-ramps.
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Co-Innovation Workshops: Joint labs with fellow financial institutions and DeFi projects.
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Analysis & Implications:
This partnership signals the banking sector’s growing willingness to explore blockchain beyond hype:
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Tokenized Deposits: By issuing interest-bearing stablecoin equivalents, credit unions can attract a new demographic of digitally native savers.
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Risk Management: Sandboxed pilots allow institutions to evaluate smart-contract risks without exposing core systems.
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Interoperable Finance: Aligning legacy banking with DeFi rails can unlock hybrid products—e.g., flash loans collateralized by insured deposits.
Such collaborations could spearhead a wave of embedded finance offerings, blurring the lines between centralized and decentralized banking infrastructures.
Source: Newswire
5. Apex Fusion: Defragmenting Blockchain for Mass Adoption
What Happened:
In an op-ed, Apex Fusion argues that blockchain interoperability and defragmentation are critical prerequisites for mainstream Web3 uptake. The piece advocates standardized cross-chain messaging protocols, unified identity layers, and aggregated liquidity pools.
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Core Proposals:
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Protocol Neutral Messaging: A universal middleware to transmit value and data across disparate chains.
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Decentralized Identity (DID): A shared credential framework enabling seamless dApp logins without wallet-hopping.
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Liquidity Hubs: Cross-chain Automated Market Makers (AMMs) that pool assets to reduce slippage and gas friction.
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Analysis & Implications:
A fragmented blockchain ecosystem hinders user experience and developer efficiency:
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Onboarding Friction: New users face wallet complexity, chain-switching hassles, and inconsistent UX across apps.
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Capital Inefficiency: Isolated liquidity silos lead to higher trading costs and limit DeFi yield optimization.
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Developer Overhead: Building multichain dApps requires fragmented toolkits and disparate security audits.
Solving these challenges through interoperable frameworks will be pivotal for DeFi, NFT, and enterprise Web3 solutions to scale beyond niche audiences. Apex Fusion’s recommendations may inform upcoming standards efforts by bodies like the Blockchain Governance Initiative Network (BGIN).
Source: Euro Weekly News
Conclusion
Today’s blockchain developments reflect a maturing industry at the crossroads of innovation and integration:
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Specialized Networks: Camp Network’s IP testnet showcases niche use-cases driving targeted blockchain deployments.
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Sustainability & Token Economics: Linking environmental impact to on-chain incentives demonstrates blockchain’s potential in non-financial arenas.
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Big Tech Entry: Meta’s payment ambitions could accelerate global crypto adoption while raising regulatory stakes.
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Banking Collaboration: Programs like Metal Blockchain’s underscore financial institutions’ appetite for safe, regulated Web3 experimentation.
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Interoperability Imperative: As Apex Fusion highlights, defragmentation and cross-chain standards are essential for seamless UX and liquidity flow.
As blockchain weaves deeper into finance, supply chains, and digital ecosystems, the future hinges on striking the right balance between decentralization, compliance, and user-centric design. Stay tuned for tomorrow’s Blocks & Headlines where we continue to chronicle the pulse of Web3 innovation.
The post Blocks & Headlines: Today in Blockchain – May 9, 2025 appeared first on News, Events, Advertising Options.
Blockchain Press Releases
Bybit Surpasses 70 Million Users, Reinforces Commitment to Transparency and Institutional Growth
DUBAI, UAE, May 9, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced it has surpassed 70 million registered users, a milestone that highlights the platform’s sustained global growth and deepening trust among both retail and institutional clients. This achievement underscores Bybit’s robust market presence and its steadfast commitment to security, compliance, and product innovation.
“Reaching 70 million users is more than a number—it’s a testament to the trust our global community places in us,” said Ben Zhou, co-founder and CEO of Bybit. “We are doubling down on compliance, institutional-grade infrastructure, and user-centric innovation to ensure everyone—from first-time traders to global institutions—can access the future of finance with confidence.”
Strengthening Global Compliance and Regulatory Engagement
Bybit continues to expand its global compliance framework, working closely with regulators around the world. Most recently, Bybit held strategic discussions with Vietnam’s Ministry of Finance, contributing to the country’s regulatory sandbox initiative by sharing expertise in KYC, AML, and international best practices.
Bybit has also made key progress in major jurisdictions, including the United Arab Emirates, further demonstrating its commitment to regulatory alignment and operational transparency.
Accelerating Institutional Growth
Bybit is seeing rapid growth among institutional clients, driven by high-performance trading infrastructure, advanced risk controls, and strategic partnerships. The integration with Zodia Custody—a leading provider of institutional-grade custody and off-venue settlement solutions—reflects Bybit’s ongoing efforts to meet the needs of sophisticated investors with robust, compliant offerings.
Pioneering Web3 Integration and Real-World Utility
Bybit continues to lead in practical Web3 innovation. The Bybit Card, now used by nearly 2 million people, enables everyday crypto spending, while Bybit Pay streamlines on-chain and off-chain transactions for both users and merchants.
In line with its user-first philosophy, Bybit is also leveraging artificial intelligence to enhance trading, research, and support services. CryptoLens, an in-house AI analytics tool, offers users deep insights into token fundamentals, community activity, social trends, and tokenomics—even for projects not listed on the platform. TradeGPT, an AI agent trained on Bybit’s proprietary data, delivers rapid price action summaries and technical analysis, helping traders make smarter decisions. Complementing these innovations, an AI Support Agent enhances customer service by improving response efficiency and user experience across the platform.
Bridging Traditional Finance and the Future of Digital Assets
Bybit remains committed to its role as #TheCryptoArk—a safe, trusted bridge from traditional finance into the world of Web3. Through intuitive products, regulatory collaboration, and cutting-edge technology, Bybit empowers users of all levels to navigate and thrive in the digital asset ecosystem.
“We’re building the infrastructure for the next era of finance,” Ben added. “By championing regulation, professionalism, and a relentless user-first approach, we’re shaping a safer, more inclusive, and more empowering financial future for all.”
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
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Blockchain Press Releases
Unleashing the Power of Futures Combo Bots on Bybit: Leveling up Futures Trading with More Rewards
DUBAI, UAE, May 9, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, Futures Combo Carnival, a month-long trading event rewarding both new and experienced Futures Combo traders with multiple rewards tracks. Trading thresholds start at 300 USDT with rewards of up to 500 USDT in prizes weekly.
The largest Futures Combo campaign on Bybit to date, the Carnival gives traders even more reasons to make their futures trading journey hassle-free and more rewarding. Bot-enabled automated trading is becoming the norm among strategic traders in a turbulent market, where no traders can afford manmade mistakes or delays in execution.
Bybit’s Futures Combo Bot is a powerful tool for streamlining users’ futures trading experience, empowering them to build portfolios and rebalance positions across multiple futures contracts. The innovative solution allows traders to set up a Bot within minutes, minimizing manual management of complex trading strategies, and achieving both efficiency and flexibility when managing combos of futures contracts.
From now to Jun. 9, 2025, eligible Bybit users may take part in two events with a welcome bonus for first-time users:
- The Combo Battle offers newcomers who achieve a trading volume of 300 USDT an immediate 5 USDT Bot Bonus on a first-come, first-served basis, while experienced traders can earn lucky draw tickets by reaching volume milestones of 1,000 USDT and 2,500 USDT respectively using Bybit’s Futures Combo Bot.
- The Combo Challenge invites Mandarin-speaking Key Opinion Leaders to create and share their trading strategies on social media using the hashtag #ComboChallenge, with three weekly winners receiving 500 USDT each.
Bybit is committed to making futures trading more accessible to users looking to diversify their trading strategies. With rewards designed for both newcomers and experienced traders, this event strengthens community engagement while supporting users wherever they are on their trading journey. For more details and terms and conditions, users may visit: Bybit Futures Combo Carnival
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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