Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched a new trading competition “BTC vs Gold: Pick, Trade and Share 150,000 USDT” that pits Bitcoin against tokenized gold assets, offering participants a total prize pool of 150,000 USDT.

The campaign runs now through May 15, 2026. The initiative invites eligible users to select between Bitcoin, often referred to as digital gold, and tokenized gold assets including XAUT, XAU and PAXG, and compete based on trading activity.

Participants earn voting tickets through trading eligible pairs, with each completed task contributing to their selected team’s total. At the conclusion of the campaign, the team with the higher number of accumulated tickets will be declared the winner. The winning side will share up to 90,000 USDT, while the remaining 60,000 USDT will be distributed among participants on the opposing team, reflecting a 60 percent and 40 percent split of the total pool.

The campaign introduces a team-based structure designed to support competitive participation and multiple activity pathways. Alongside trading, participants may complete deposit and referral tasks, creating additional avenues for involvement. The inclusion of both Bitcoin and tokenized gold assets such as PAX Gold and Tether Gold allows users to engage with different asset types within a single framework.

Eligible users may also receive lucky draw entries through task completion, with rewards such as mystery boxes credited shortly after winning.

The campaign is open to users who register via the official page and meet eligibility requirements. Only trading activity conducted after registration will be counted toward rewards. Participation is limited to main accounts, with subaccount trading volumes consolidated under the primary account. Eligible trading activity includes transactions involving BTC, XAUT, XAU and PAXG, while options trading is excluded.

The initiative reflects Bybit’s effort to expand user engagement by offering a structured environment to explore crypto-native and gold-backed digital assets within a single trading framework.

Additional conditions apply, including geographic restrictions. The campaign is not available to users residing in restricted jurisdictions, including the European Economic Area.