Cryptocurrency exchange CoinEx launched futures trading competition with a prize pool of 50,000 USDT. The event is timed to the fifth anniversary of the trading platform. It is reported blog CoinEx.
The tournament will last until January 8, 04:00 (UTC). To participate you need:
- register on CoinEx;
- join the competition promotion page;
- achieve a trading volume of over 5,000 USDT.
Rating leaders will receive:
- 1st place — 7500 USDT;
- 2nd place — 4000 USDT;
- 3rd place — 2500 USDT;
- 4th place — 2000 USDT;
- 5th place — 1500 USDT;
- 6th-10th places — 800 USDT each;
- 11th-20th places — 500 USDT each;
- 21st-50th places — 200 USDT each;
- 51-100 places — 100 USDT each;
- 101-150 places — 50 USDT each.
The remaining participants will share 10,000 USDT in proportion to their trading volumes.
The organizers take into account trading in all markets linear contracts. Market makers are not allowed to participate in the tournament.
CoinEx is a cryptocurrency exchange with support for instant exchange, spot and margin trading. The platform is part of the ViaBTC Group ecosystem and uses a Merkle Tree Proof-of-Reserves solution to prove customer balance assurance.
Recall that in an exclusive interview for Forklog, CoinEx CEO Haipo Yang spoke about the crisis of confidence in the crypto industry, attitudes towards FTX and the prospects for Web3.
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