Binance, the global blockchain ecosystem trusted by more than 230 million users globally, is excited to announce the launch of Binance Traders League. With Binance committing to the largest rolling prize pool of over $10 million in incentives, Traders League will become the premier event for the cryptocurrency trading community.
Retail traders may also participate in Binance’s biggest trading event, which is open to all skill levels and qualifies players by surpassing $500 in traded volume, based on a variety of competition criteria.
The goal of Binance Traders League is to make trading more enjoyable for people of all skill levels by providing a range of challenges tailored to individual trading preferences. While team contests encourage cooperative planning and develop camaraderie, solo events will assess each competitor’s unique abilities and expertise.
As part of Binance’s mission to provide accessibility to cryptocurrency and emphasize community, Traders League is only open to regular and VIP 1-6 users. For spot contests, the minimum trading volume needed to qualify is $500 for the length of the League; for futures competitions, it is $500 from the start of 2024 to the end of the League. Retail traders may also compete more successfully against bigger players thanks to a variety of competition criteria that are offered based on ROI, PNL, or volume, helping to create a more level playing field.
There are two primary competitive leagues in the Binance Traders League:
Spot Traders League
$3,000,000 in rolling prize pool in BNB token vouchers
During the competition time, qualified players will be rated based on their total spot trading volume and ROI %
The top finishers in each tournament will have the opportunity to split up to $1,500,000 in BNB.
A second, time-limited mission that explores Spot Copy Trading and Trading Bots will share a 200,000 USDC reward pool.
The trading period for the solo competition is October 8, 2024–October 28, 2024.
Futures Traders League
A rolling prize pool with token vouchers worth up to $7,000,000 USDT
Competitions for Solo ROI and Team PNL are open to participants.
First-time futures traders may split a welcome prize pool of up to 700,000 USDT.
The trading period for the solo competition is October 8, 2024–October 28, 2024.
Registration for team competitions starts on October 10.
Team trading competition dates are October 17, 2024, to November 6, 2024.
Rachel Conlan, CMO at Binance, shared:
“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. This year’s record $10 million prize pool reflects the passion and growth of our global community, and we’ll continue to support our users on their crypto journey.”
You may find out more about the Binance Traders League by going here.
