Binance has unveiled the Binance Traders League, an exciting new trading competition featuring a staggering prize pool exceeding $10 million. This event is designed to engage traders of all skill levels, allowing retail participants to join by achieving a minimum trading volume of $500.
The Traders League aims to enhance the trading experience through a variety of challenges that cater to individual preferences. It includes both team contests, which foster collaboration, and solo events that highlight individual skills.
Open exclusively to regular and VIP users, the league encourages a fair competition environment by offering diverse criteria based on return on investment (ROI), profit and loss (PNL), or trading volume.
The competition is divided into two main categories: the Spot Traders League and the Futures Traders League. The Spot Traders League features a rolling prize pool of $3 million in BNB token vouchers, with participants evaluated on their total trading volume and ROI percentage.
Additionally, a special mission focusing on Spot Copy Trading and Trading Bots offers a reward pool of $200,000. The trading period for this league runs from October 8 to October 28, 2024.
On the other hand, the Futures Traders League boasts a prize pool of up to $7 million in USDT token vouchers, with competitions for both solo ROI and team PNL. New futures traders can also compete for a welcome prize pool of 700,000 USDT. Registration for team competitions begins on October 10, with the team trading events scheduled from October 17 to November 6, 2024.
Rachel Conlan, Binance’s CMO, emphasized the league’s mission to make cryptocurrency trading accessible and enjoyable for everyone, regardless of their experience. With a low entry threshold and varied competition formats, the Binance Traders League aims to empower retail traders to compete alongside larger players, fostering a community where participants can learn, grow, and earn rewards.
