Binance has launched its first-ever cryptocurrency trading competition, the Binance World Championship, with a $4.2 million prize pool.
The cryptocurrency exchange Binance has launched a new cryptocurrency trading competition with a prize pool of $4.2 million. It will be the first-ever Binance World Championship. Everyone using the cryptocurrency exchange, from newcomers to long-time traders, can take part in educational programs, learn about cryptocurrencies, and even win prizes depending on their trading prowess. Today marks the beginning of the Binance World Championship, which will last for three weeks, ending on June 25th.
There will be three skill-testing events and three promotional activities at the Binance World Championship, each showcasing a unique product from the Binance ecosystem.
There will be multiple divisions within the competition, each with its own set of rules and potential rewards. A portion of the $1.2 million prize pool is up for grabs when users participate in spot-related tasks and trading volumes.
In addition, players can win up to $3 million by competing in the Futures Grand Tournament, which features both solo and team events.
There is a daily reward pool of 500 USDC up for grabs, with a total of 12,000 USDC up for grabs, for those who study and trade the top-performing assets of the following day.
During this three-week period, customers have the opportunity to engage in not one but three promotions, in addition to the tournaments. Members of Binance Simple Earn’s Locked and Flexible Products have a chance to win incentives worth up to $100,000.
At the same time, a total of 15,000 USDT is up for grabs when users use the ‘Buy Crypto’ function to deposit fiat currency or make their first cryptocurrency purchase. In addition, one can enter to win one BNB by trading $100 on Binance Convert, Spot, and Futures.
New Trading Tools and Liquidity Pairing Program Announced by Binance
The Cryptocurrency Exchange is well-known for its comprehensive support of altcoin trading and is considered a significant cryptocurrency exchange. With its low transaction costs and abundant liquidity, it allows users to buy and sell over 350 different virtual tokens and cryptocurrencies.
Projects looking to improve their liquidity and establish a solid ecosystem can take advantage of the cryptocurrency exchange new liquidity pairing program, which pairs them with qualified liquidity providers.
Additionally, in an effort to enhance the trading experience, the exchange has introduced a new Funding Rate Arbitrage Bot and fully implemented Spot Copy Trading for all qualified users.