Binance Launches Largest Trading Event 'Traders League' With $10 Million Prize Pool

Binance's largest trading event made accessible for all experience levels, participants can qualify by reaching $500 in traded volume and a range of competition criteria allows retail traders a chance to compete

DUBAI, UAE, Oct. 8, 2024 /PRNewswire/ -- Binance, the global blockchain ecosystem trusted by over 230 million users worldwide, is thrilled to announce the kickoff of Binance Traders League today. Binance has committed its highest-ever total rolling prize pool of over $10 million in crypto rewards, making Traders League the signature event for the crypto trading community.

Binance Traders League is designed to be inclusive, offering a variety of challenges that engage participants of all experience levels and cater to their trading preferences. Solo competitions will test participants' individual skills and knowledge, while team competitions foster collaborative planning and build camaraderie.

In-line with Binance's commitment to make crypto more accessible and community-focused, Traders League is limited to regular and VIP 1-6 users. The minimal trading volume required to qualify is set at $500 during the duration of the League for spot competitions, and from the beginning of 2024 through the duration of the League for futures competitions. To help provide a more even-playing field, a range of competition criteria are offered based on ROI, PNL, or volume, so retail traders can also have a better chance competing against larger players.

Binance Traders League comprises two main competition leagues:

Spot Traders League

Rolling prize pool of up to $3,000,000 in BNB token vouchers Qualified participants will be ranked by their total spot trading volume and their total ROI percentage during the competition period Top participants in each competition will stand to share up to $1,500,000 in BNB Additional limited-time bonus tasks with a total prize pool of 200,000 USDC to be shared by exploring Spot Copy Trading and Trading Bots Competition trading runs from 8 October to 28 October 2024 More information about the Spot Traders League can be found here

Futures Traders League

Rolling prize pool of up to 7,000,000 USDT in token vouchers Participants can compete in the Solo ROI and Team PNL competitions First-time Futures traders get to share a welcome prize pool of up to 700,000 USDT Solo competition trading runs from 8 October to 28 October 2024 Team competition registration opens 10 October Team competition trading runs from 17 October to 6 November 2024 More information about the Futures Traders League can be found here

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."

More information on the Binance Traders League can be found here.

Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.

About Binance

Binance is a leading global blockchain ecosystem behind the world's largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 230 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: https://www.binance.com