Bitget Launches KCGI 2024 Trading Tournament with $5 Million USDT Prize Pool and Ferrari Giveaway
Bitget, a leading crypto exchange, has announced the launch of the King’s Cup Global Invitational (KCGI) 2024, starting June 7. In its fifth edition, the tournament features a massive prize pool that can reach up to $5 million USDT depending on participant numbers, and includes prizes such as a Ferrari 296, premium watches, and Messi-signed merchandise. The main event is a three-week derivatives trading competition, alongside daily challenges where participants can win BGB tokens and certificates. The prize pool starts at 100,000 USDT for 8,000 participants and scales up to 5 million USDT for over 200,000 participants. Bitget’s Managing Director, Gracy Chen, expressed excitement in promoting trading skills and fostering a global trading community. Established in 2018, Bitget supports over 25 million users globally and offers multiple crypto trading solutions. For more information, participants can visit Bitget’s official communication channels.
Bullish
The KCGI 2024 announcement is likely to have a bullish impact on the cryptocurrency market. Large-scale trading tournaments typically generate significant interest and participation, potentially driving up trading volumes and increasing market activity. Additionally, the substantial prize pool and high-profile prizes, such as the Ferrari and Messi-signed merchandise, can attract a wider audience and boost sentiment in the market. Historical data from similar events also suggests a positive market response and heightened engagement from traders.