If you’ve been looking for a sign to start futures trading – here it is. The largest European cryptocurrency exchange, WhiteBIT, has just announced its second futures trading competition.
The top 20 traders share the huge prize pool of 50,000 USDT. Participants must achieve the most significant trading volume for the ETH-PERP pair in order to win.
Why Can Futures Trading Be More Fun Than Spot Trading?
On spot markets, traders buy and sell crypto instantly. In futures markets, traders buy and sell derivative contracts that define the value of a particular asset. It is most popular with experienced traders as it allows profiting from both market tendencies.
So, anyone who feels like an experienced trader willing to take a risk in futures investing should join the trading battle.
Here are the details:
Pool price: 50,000 USDT
Duration: from 17 (12:00 UTC) to 27 (11:59 UTC) December
Trading pair: ETH-PERP
The prizes for the winners will be distributed as follows:
- 1st place — USD 10,000;
- 2nd place — USD 5,000;
- 3rd place — USDT3,500;
- 4th-9th Place — $2,500T;
- 10th-20th Place — 1 500 USDT
Follow the progress of the tournament on the event page. There you will find the participant table, which is updated every 30 minutes.
Winners will receive their prizes in WhiteBIT codes within 5 business days after the trading tournament ends.
WhiteBIT is the largest European cryptocurrency exchange. It meets all KYC and AML requirements. It is third in terms of security according to Hacken and second according to Cer.live. It also received an AAA rating. The company has Ukrainian roots: it was founded in Kharkiv in 2018 and today has a team of over 700 specialists.
The platform allows on-site trading, using funds for futures and margin trading with up to 20x leverage and has its token – WhiteBIT Token (WBT). Within the WhiteBIT ecosystem there are also DEX and P2P platforms. The exchange already has more than 350 trading pairs and more than 3 million users.
Disclaimer: This is a paid post and should not be treated as news/advice.
Comments are closed.