NewsletterEverything You Should Know About Binance Traders League
One of the popular cryptocurrency service providers in the world has launched the ‘Binance Traders League.’ This is believed to be the most interesting crypto trading event of 2024 and is focused on enhancing investors’ trading experience through challenges and adequate rewards. Binance is one the largest & popular crypto exchanges with over 230 million users and has begun this trading league to appreciate and reward the same crypto community.
Talking of rewards, a crypto trader made $3.37M in profits after his Popcat holding grew twice within a month.
Binance Traders League Launched With $10M Price Pool
Over the years, Binance has introduced many things to make crypto trading more accessible for investors. In one such step, they have launched the Binance Traders League with a $10M prize pool. More importantly, they have designed this league in a way that people of different experiences can come together and enjoy it.
This Binance Traders League is divided into two regions. One has already gone live and will run for 20 days, whereas the second part will start later. As per the Binance news, traders with all skill levels can join and complete solo or team-based challenges.
Even the Binance CMO, Rachel Conlan, has expressed her views on this Binance Traders League, saying that it is their mission to provide more accessibility and exciting opportunities for crypto investors. More importantly, the people will get to learn, grow, and even earn significant rewards from this $10 Million prize pool.
Interested participants can join these league challenges by achieving a minimum TV (trading volume) of $500. More importantly, it is available for all crypto traders, including the regular and VIP (levels 1-6). All these users can join and earn rewards with various eligibility criteria, including Return on Investment (ROI), Profit and Loss (PnL), and Trading Volume.
Two Main Competitions of Binance Traders League
As per the official Binance announcement, this crypto trading league will facilitate two main competitions, the Spot Traders League and the Futures Traders League. The $10M prize pool is between these two, where each has different challenges and rewards.
The Spot Traders League is live with a prize pool of $3 million BNB vouchers. Additionally, the best performers can access another $1.5 Million worth of BNB. This also has a bonus task that can make another $200,000 USDC, where the players will have to explore Spot Copy Trading and crypto Trading Bots.
Finally, this league has already begun and will run from October 8 to 28. Here, the participants will be ranked on their total ROI percentage and trading volume percentage.
The second is the Future Traders League, with a prize pool of USDT vouchers worth $7 million. The players can choose to play either Solo or in teams in this category. However, it is important to note that the schedule varies for each category. The Solo trading challenge has already begun since October 8 and will be live till October 28. However, the team crypto trading will begin on October 17 and run until November 6, 2024.
Here, one more important element is that the user can share an additional $700,000 prize pool if they are first-time futures trading.
Final Thoughts
With the Binance Traders League, the exchange has offered a unique trading opportunity. Basically, the traders of all levels can come together, participate in various challenges, and earn up to $10 Million in vouchers and other additional rewards. As per the Binance news, there are two main events in this Short and Futures trading league, each with different timelines, rewards, and ranking criteria, making it much more interesting. Besides, the market is also approaching the Uptober and Crypto market rally. So, this is another opportunity to take advantage of before turning entirely bullish. However, there are certain risks, so an crypto trader should participate in trading and such challenges wisely.
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