DUBAI, UAE, Nov. 13, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, proudly announces the successful conclusion of its World Series of Trading (WSOT) 2024, a landmark event that not only shattered previous records but also redefined industry standards. Attracting more than 77,000 traders from over 160 countries, WSOT 2024 generated a remarkable $100 billion in trading volume and awarded participants with total profits exceeding $137 million. This year’s event set new heights in inclusivity, innovation, and achievement, making it a pivotal moment in the evolution of global cryptocurrency trading.

Pioneering a New Era of Trading

This year’s WSOT was a celebration of innovation and community engagement. Bybit’s commitment to fostering a vibrant trading ecosystem was furthered through initiatives like the WSOT DEX Wave, where traders explored Web3 projects, supported emerging talents, and competed for a million MNT prize pool. With UTA account integration, traders gained a strategic edge, able to enter the competition with one primary account and up to four subaccounts.

Additionally, Bybit’s dedication to giving back was reflected in charitable donations totaling 75 ETH, aligning the competition with causes that resonate with the global trading community.

Key Achievements and Milestones

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• Unmatched Global Participation: WSOT 2024 attracted over 77,000 traders from 160+ countries, highlighting the universal appeal of the competition.
• Record-Breaking Trading Volume: Participants generated a record-setting $100 billion in trading volume.
• Massive Profits for Traders: The total trader profit exceeded $137 million.
• Pioneering DEX Integration: Bybit introduced decentralized exchange (DEX) trading within WSOT, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi) and providing participants access to over 100 Web3 projects.
• Enhanced Fairness: With the implementation of a tiered weighting system and ROI reset features, WSOT 2024 ensured a level playing field for all traders, fostering a more inclusive and accessible competition.

Celebrating Individual and Team Accolades

WSOT 2024 celebrated extraordinary achievements, with standout performances that set new standards in the global trading community:

• Largest Squad: Arena Tradingu formed the largest squad with 3,310 members.
• Top Individual Trader: The top individual trader secured a whopping $16.5 million in profits.
• Most Active Squad: Arena Tradingu executed a mind-blowing 13.8 million trades.
• Highest Trading Volume: Squad 852hoodoo achieved the highest trading volume of $6.9 billion.
• Longest Trading Streak: Kennel Capital established the longest trading streak of 22 consecutive days.

Setting a New Benchmark for Crypto Trading Competitions

Bybit’s WSOT 2024 has raised the bar for trading competitions, setting a new benchmark in terms of scale, accessibility, and community involvement. By bridging TradFi and DeFi, embracing decentralized trading, and supporting charitable causes, WSOT 2024 exemplifies Bybit’s mission to empower and inspire traders from all walks of life, marking a new era for cryptocurrency trading on a global scale.

#Bybit / #TheCryptoArk /

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

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The rapid adoption of Notabene’s crypto payment authorization network, which has seen transaction volumes surge 10X in the past year, reflects the growing demand for compliant crypto payment solutions. This Series B round will help Notabene bring secure, transparent, and compliant crypto payments to more financial institutions, paving the way for stablecoins to revolutionize global finance.

NEW YORK, Nov. 12, 2024 /PRNewswire/ — Notabene, a leading provider of cryptocurrency compliance solutions, today announced it has raised $14.5 million in a Series B funding round led by DRW VC, with participation from funds managed by Apollo, NextBlock, ParaFi Capital, and Wintermute, along with existing investors CMT Digital, F-Prime, Green Visor Capital, Illuminate Financial, Jump Capital, Signature Ventures, and Y Combinator. The funding will accelerate Notabene’s mission to make crypto payments a part of the everyday global economy by fostering open, secure, and compliant transactions.

Regulators now require crypto companies such as exchanges, wallet providers, and payment processors to securely exchange information about sender and receiver, just like they already do in traditional payments. This so-called Travel Rule is now a requirement in most global financial centers.

Having already helped process half a trillion dollars worth of transactions, Notabene is the leading global platform and network for compliant crypto payments. By automating the secure transfer of sensitive data between institutions, Notabene simplifies this complex process that is virtually impossible for companies to implement independently.

Kimberly Trautmann, Partner and Head of DRW VC, the round’s lead investor, emphasized the significance of Notabene’s work in this emerging financial ecosystem:

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“Notabene offers a comprehensive and efficient way to track and disclose who an asset is being sent to, which is critical for those who facilitate the exchange, transfer, safekeeping, and administration of virtual assets (Virtual Asset Service Partners or VASPs) and need to be compliant with the Travel Rule. We believe Notabene is positioned to be the provider-of-choice, as it allows users to achieve real-time compliance, is protocol agnostic and does not require exposing sensitive information to other market participants.”

Notabene is expanding its focus to support the growing number of traditional financial institutions moving into digital payments. With over $20T in stablecoin transactions processed last year, global adoption is on the rise and poised to be crypto’s long-awaited killer use case. The key to unlocking stablecoins’ potential as fast, low-cost, borderless payments is a secure and transparent system – one that’s open and not controlled by any single entity. Notabene offers the essential infrastructure for compliance, reconciliation, and safety, enabling open, interoperable payment networks that will drive the next wave of adoption.

Notabene’s CEO, Pelle Brændgaard, underscores the company’s vision for the future of payments:

“We’ve already established ourselves as a pioneer in Travel Rule compliance, and now, as regulatory clarity grows and adoption scales, we are positioned to do the same for payments. By enabling secure, compliant, and open digital asset transactions, we’re helping shape the next generation of global financial infrastructure. Our philosophy of building open networks to maximize reachability between transacting counterparties will be a key driver of adoption with both crypto-native organizations, as well as incumbent players in traditional finance that are showing an increased interest in digital assets and blockchain payment solutions.”

Notabene’s platform has seen a rapid 10x increase in transaction volumes over the past year, totaling nearly $500 billion in transaction volume—solidifying the company’s role as a trusted provider in the compliance space. With over 165 companies using the platform, including some of the largest virtual asset service providers (VASPs) globally such as Copper, Crypto.com, OKX, and Ramp, as well as working relationships with regulatory bodies across hundreds of global jurisdictions, Notabene has built the largest network of transacting counterparties in the market today.

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Alexander Ross, General Partner, Head of NYC for investor Illuminate Financial, added:

“As the existing market leader for Travel Rule compliance, we believe Notabene has the potential to become the “SWIFT network for blockchain transactions.” There is a desperate need for a secure network to share all transaction metadata. This will enable compliance with global regulations and is a key pillar to unlocking mass adoption of stablecoins for payments. We have been working with the founders since 2021 and believe they are the best positioned to execute this vision.”

With this raise, Notabene is set to continue its mission to bring crypto and stablecoins into everyday global payments. It will help grow the industry’s only open compliant payments network to support more use cases and new market entrants.

“With $20 trillion in stablecoin transactions processed last year, stablecoins are emerging as the preferred method for fast, low-cost global payments,” said Pelle Brændgaard, Notabene CEO. “As regulatory clarity expands, traditional financial institutions are beginning to recognize stablecoins’ potential. Notabene’s role as a trusted compliance provider is critical to unlocking this potential and establishing stablecoins as a legitimate payment medium worldwide.”

About Notabene

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Notabene is the leading crypto payment authorization network, enabling secure, transparent, and compliant transactions for financial institutions around the world. With a platform that facilitates transactions in over 80 jurisdictions, supports over 165 companies, and has processed half a trillion dollars in transaction volume, Notabene is setting the standard for compliant transactions in the digital asset space.

For more information, please visit Notabene.id.

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– Moby Strengthens Ecosystem Liquidity Capabilities with GSR

– Provide Deeper Market-Making and OTC Trading for Moby Token

SINGAPORE, Nov. 11, 2024 /PRNewswire/ — Moby, an on-chain options protocol that maintains the top trading volume on Arbitrum, today announced it has engaged GSR for market liquidity.

GSR, the global cryptocurrency trading firm and liquidity provider will increase the liquidity of the Moby Token to traders and market participants globally. The role of a market maker is to curate order books that foster a healthy, liquid and dynamic market. GSR has ten years of deep crypto market expertise as a market maker, ecosystem partner, and active, multi-stage investor.

Moby has established a notable presence in the on-chain options trading space, offering optimal pricing and immediate transactions around the clock. With high leverage and maximum capital efficiency, Moby empowers users with effective tools for derivative trading.

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Looking forward, Moby is focused on transforming the sector by developing foundational infrastructure for on-chain derivatives. As part of this mission, Moby will expand onto Berachain, one of the most prominent mainnets in the market. It will also continue to strengthen key relationships, including its engagement with GSR.

Moby Contacts
Team Moby
[email protected]

About Moby

Moby is an on-chain options protocol to lead the next narrative for DeFi. Moby offers an optimized trading environment based on its pioneering SLE (Synchronized Liquidity Engine) and Dynamic Risk Premium model, which enables real-time accurate pricing, narrowest spread in the market, abundant liquidity, and Robinhood-class UI/UX.

Moby is set to provide new features such as capital efficiency improvement models and structured products to welcome institutions and the traditional TradFi audience.

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⎹ Website ⎹ Twitter ⎹ Discord ⎹ Docs ⎹ Blog ⎹

About GSR

GSR has ten years of digital asset market expertise as a liquidity provider and active, multi-stage investor. Our suite of services includes OTC Trading, Derivatives and Market Making. GSR is embedded in every major sector of the digital asset ecosystem, working with token issuers, institutional investors, miners, and leading trading venues.

⎹ Website ⎹ Twitter ⎹ Telegram ⎹ Blog ⎹

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