Binance Announces Trading Tournament With $10 Million Prize Pool

Binance, the world's largest cryptocurrency exchange, announced a record $10 million prize pool for its Binance Traders League, which aims to boost community engagement among traders.

To participate, users must achieve a minimum trading volume of $500 by meeting various criteria to enter the competition.

The league includes two main competitions: the Spot Traders League and the Futures Traders League, each of which has different qualification and prize structures. The Spot Traders League offers up to $3 million in BNB token vouchers, with participants qualifying based on total spot trading volume and return on investment (ROI).

Top performers will share $1.5 million in BNB, and an additional $200,000 in USDC is available for those participating in spot “copy” trading and trading bots. This standalone competition runs from October 8 to October 28, 2024.

The Futures Traders League boasts a prize pool of up to $7 million in USDT tokens. Competitors can enter the ROI and Team PNL solo competitions, with novice futures traders eligible for a welcome prize of $700,000 in USDT. The solo competition is aligned with the Spot Traders League, while registration for the team competition opens on October 10 and trading is scheduled from October 17 to November 6, 2024.