Bybit launches $150K trading contest pitting Bitcoin vs tokenized gold until May 15.

Bybit, the world's second-largest crypto exchange by volume, has launched a trading competition called "BTC vs Gold: Pick, Trade and Share 150,000 USDT" running until May 15. Traders choose between Bitcoin or tokenized gold assets (XAUT, XAU, PAXG) and trade eligible pairs to earn tickets for their team. The prize pool of 150,000 USDT is split 60-40 between the winning and losing teams, with winners sharing 90,000 USDT and losers 60,000 USDT. The event aims to boost engagement and promote trading of both crypto and tokenized real-world assets, excluding participants from the European Economic Area due to regulatory reasons.