BloFin Unveils $5.6M USDT Trading Competition ’Ace of Trades’
BloFin, a cryptocurrency futures and derivatives exchange, has announced a new trading competition named ’Ace of Trades’ with a substantial prize pool of $5.6 million USDT. The contest allows participants to compete in teams or individually, focusing on trading volume and profit and loss percentage (PNL%). The registration for this competition runs from February 8 to March 6, 2025, and the trading period is set from February 13 to March 6, 2025. The prize pool is divided between team-based and individual rewards, with 50% of funds dedicated to team trading volumes and 30% to team PNL%, while individual rewards cover 15% each for trading volume and PNL. Teams require a minimum of 10 members to qualify, with the top 30 teams sharing varying percentages of the prize. Individual traders are also rewarded based on PNL and trading volumes, with the top prize for an individual being 40% of their respective pool. BloFin’s leaderboard tracks participants’ progress throughout the competition. This event is deemed one of the most lucrative opportunities in the crypto futures trading community.
Bullish
The BloFin ’Ace of Trades’ competition could stimulate increased activity in the crypto futures market, attracting both new and seasoned traders due to its high reward potential. Historically, similar large-scale competitions have heightened engagement and trading volumes, positively impacting market liquidity and sentiment. By providing structured incentives, such competitions tend to promote innovative trading strategies, leading to increased market dynamics both in the short and long term.