The world’s leading cryptocurrency exchange by trading volume, Binance, has launched an exclusive Traders League, where participants can win up to $10 million in crypto rewards.
Binance Traders League Offers Different Competitions With Dedicated Prize Pools
The Binance Traders League 2024 features multiple competitions, including those for both teams and individual traders. The crypto exchange aims to provide “a more even playing field.” As such, they offer “a range of competition criteria based on ROI, PNL, or volume, so retail traders have a better chance of competing against larger players.”
For example, there is an ROI challenge where solo spot traders can showcase their trading skills. The leading ROI generators will have the chance to win crypto rewards from a dedicated 1,500,000 BNB rewards pool.
Participants who qualify will be ranked by “their total spot trading volume and their total ROI percentage during the competition period.”
There’s also a team competition where traders can create or join a team to participate. The participating teams will be ranked “based on PNL, with the top 50 teams eligible to share a prize pool of up to 3,500,000 USDT.”
The Binance Traders League has separate prize pools for Spot traders and Futures traders.
In a statement announcing the launch of the Binance Traders League, issued on Tuesday, 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.”
The Traders League is an annual event hosted by Binance to foster trading skills among enthusiasts. It also allows those interested in trading an opportunity to showcase their skills and win rewards. This year, the competition, which opened for registration on October 3rd, will last until October 28th.
