Hassan Maishera
Binance, the global blockchain ecosystem trusted by over 230 million users worldwide, announced on Tuesday, October 8th, that it has launched the Binance Traders League. The cryptocurrency exchange has committed its highest-ever total rolling prize pool of over $10 million in rewards, making Traders League the signature event for the crypto trading community.
According to the crypto exchange, Binance Traders League is designed to be inclusive, offering a variety of challenges that engage participants of all experience levels and cater to their trading preferences.
Binance added that solo competitions will test participants’ individual skills and knowledge, while team competitions foster collaborative planning and build camaraderie.
The cryptocurrency exchange also revealed that Traders League is limited to regular and VIP 1-6 users. The minimal trading volume required to qualify is set at $500 during the duration of the League for spot competitions and from the beginning of 2024 through the duration of the League for futures competitions.
Binance Traders League comprises two main competition leagues. They are:
Spot Traders League
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Rolling prize pool of up to $3,000,000 in BNB token vouchers
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Qualified participants will be ranked by their total spot trading volume and their total ROI percentage during the competition period
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Top participants in each competition will stand to share up to $1,500,000 in BNB
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Additional limited-time mission campaign with a total prize pool of 200,000 USDC to be shared by exploring Spot Copy Trading and Trading Bot
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Solo competition trading runs from 8 October to 28 October 2024
Futures Traders League
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Rolling prize pool of up to 7,000,000 USDT in token vouchers
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Participants can compete in the Solo ROI and Team PNL competitions
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First-time Futures traders get to share a welcome prize pool of up to 700,000 USDT
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Solo competition trading runs from 8 October to 28 October 2024
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Team competition registration opens 10 October
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Team competition trading runs from 17 October to 6 November 2024
While commenting on this latest development, Rachel Conlan, CMO at Binance, said:
"The Binance Traders League is part of our mission to make crypto trading accessible and exciting for everyone, no matter their experience level. With a low qualifying volume and diverse competition criteria, we’re creating a space where retail traders can compete alongside larger ones. Every participant has the chance to learn, grow, and earn rewards for their efforts. This year’s record $10 million prize pool reflects the passion and growth of our global community, and we’ll continue to support our users on their crypto journey."
Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 230 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and an unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features.
Binance is devoted to building an inclusive crypto ecosystem to increase people's freedom of money and financial access worldwide, with crypto as the fundamental means.
