Binance Announces Traders League with $10 Million Prize Pool

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As a seasoned analyst with years of experience in the crypto market, I must admit that the Binance Traders League piques my interest and excitement. Having closely followed the growth of Binance over the past few years, it’s impressive to see them organizing such an inclusive event for traders of all levels.

Starting today, Binance, the globally trusted blockchain platform with over 230 million users, is launching the Binance Traders League. This year’s event offers an unprecedented prize pool of more than $10 million in cryptocurrency rewards, making it a highly attractive competition for traders interested in crypto trading.

The Trading Guild strives for inclusivity, providing tasks suitable for traders of various abilities and approaches. Individuals have the option to prove their trading prowess in individual contests or band together for team competitions, fostering cooperation and team spirit.

In order to maintain fairness and accessibility, only standard users and VIPs with a trading rank between 1-6 are eligible to join, provided they meet a minimum trading volume of $500 for spot competitions within the League. As of 2024, this trading volume will be required from the beginning for any new competitions. Binance has structured the competition rules based on factors like Return on Investment (ROI), Profit and Loss (PNL), or volume, enabling small-scale traders to compete more equitably with larger players.

The Traders League consists of two main leagues:

    Prize pool of up to $3 million in BNB vouchers.
    Participants will be ranked by total trading volume and ROI during the competition.
    Top competitors can share up to $1.5 million in BNB.
    Bonus tasks offer an additional $200,000 in USDC for exploring Spot Copy Trading and Trading Bots.
     Runs from October 8 to October 28, 2024.

Futures Traders League

  • Prize pool of up to $7 million in USDT vouchers.
  • Solo and team competitions are available.
  • First-time Futures traders can share a welcome prize pool of up to $700,000.
  • Solo trading runs from October 8 to October 28, with team trading from October 17 to November 6, 2024.

Rachel Conlan, Chief Marketing Officer at Binance, highlighted that the Trader’s League is all about creating an exhilarating and inclusive experience in cryptocurrency trading for all participants. The variety of competitions and generous reward system mirrors the expansion and enthusiasm within the Binance community.

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2024-10-08 15:18