BYDFi launches Onchain Prediction, awards $560K to users
BYDFi marked its sixth anniversary by launching an Onchain Prediction market and distributing more than 560,000 USDT to over 21,000 participants during a month-long campaign.
Crypto exchange BYDFi marked its sixth anniversary by launching an Onchain Prediction market and distributing more than 560,000 USDT in rewards to over 21,000 participants, the exchange announced in a press release dated April 30, 2026.
The month-long anniversary campaign included onboarding rewards, trading incentives, referral programs, social activities and community events and drew participation from BYDFi’s global user base.
Onchain Prediction creates event-based markets where users select outcomes such as Yes or No on topics including crypto price moves, market trends, sports events, macroeconomic themes and other global occurrences. Users can browse active markets, view odds and market data, place predictions and buy or sell outcome shares before settlement. Final results determine how positions are claimed or redeemed. Availability of the feature varies by jurisdiction and is subject to local terms and regulations.
Since its 2020 founding, the exchange expanded its services to include spot and perpetual contracts, copy trading, automated trading bots, TradFi trading, a BYDFi Card and an integrated onchain trading module, as noted in the BYDFi review. The exchange reported serving more than 1,000,000 users across over 190 countries and regions and holds a multi-year partnership with English football club Newcastle United.
BYDFi cited a long-term user who registered on March 29, 2020 and remains active as an example of sustained engagement. The company said it will prioritize development of tools for real market conditions, simpler navigation for users and stronger links between centralized and onchain trading.
Michael, co-founder and CEO, stated the exchange will continue listening to users and building trading tools that are practical, easy to understand and reliable as market conditions change.
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