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If you’re looking for a signal to start trading futures, this is it. WhiteBIT, Europe’s largest cryptocurrency exchange, has announced its second futures trading competition.
The 20 best traders will share a huge prize pool of 50,000 USDT. In order for a participant to win, he must obtain the maximum trading volume on the ETH-PERP pair.
Why is futures trading more fun than spot trading?
In the spot market, traders buy and sell cryptocurrencies instantly. In the futures market, traders buy and sell derivative contracts that define the value of a particular asset. It is most popular among experienced traders as it allows them to profit from both market trends.
Therefore, those who feel like experienced traders who are ready to take risks with futures investments should join the battle of trading.
Here are the details:
Prize Pool: 50,000 USD
interval: December 17 (12:00 PM UTC) through December 27 (11:59 AM UTC)
Trading pair: ETH-PERP
Prizes for winners will be distributed as follows:
- First place — 10,000 USDT;
- 2nd place — 5,000 USDT;
- 3rd place — 3 500 USDT;
- 4th to 9th place — 2 500 USDT;
- 10th to 20th place — 1,500USDT
Follow the tournament progress at event pageThere is a table of participants, updated every 30 minutes.
Winners will receive their prizes with the WhiteBIT code within 5 working days after the trading tournament ends.
WhiteBIT is Europe’s largest cryptocurrency exchange. Meets all KYC and AML requirements. According to Hacken he is third in terms of security, and according to Cer.live he is second. Likewise, it has also received an AAA rating. The company has Ukrainian roots and was founded in Kharkov in 2018 and today he has a team of over 700 professionals.
The platform allows on-the-spot trading, allows funds to be used for futures and margin trading with up to 20x leverage, and has its token, the WhiteBIT Token (WBT). There is also a DEX and P2P platform within the WhiteBIT ecosystem. The exchange already has over 350 trading pairs and over 3 million users.
Disclaimer: This is a paid post and should not be treated as news/advice.
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