Key takeaways
- Binance launches its largest-ever trading event, Traders League, offering a $10 million prize pool.
- The competition caters to both retail and larger traders, with challenges based on ROI, PNL, and volume.
- Participants can qualify with a minimum trading volume of $500.
Binance introduces the Traders League with a $10 million prize pool
Binance, the global blockchain platform trusted by over 230 million users, has announced the launch of its most ambitious trading competition to date—Traders League. With a prize pool exceeding $10 million, this event aims to engage traders across all skill levels through a variety of challenges.
The Traders League is designed to include solo and team competitions, offering traders an opportunity to showcase their expertise and participate in a collaborative environment. Individual competitions focus on personal performance, while team events encourage strategic planning and coordination.
The competition is open to both regular and VIP users (tiers 1-6), with participants qualifying by trading at least $500 during the event period. Binance has implemented diverse criteria, such as return on investment (ROI), profit and loss (PNL), and trading volume, to level the playing field and give retail traders a fair chance to compete.
Competition breakdown
Spot Traders League
- Prize pool: Up to $3 million in BNB vouchers.
- Participants are ranked based on total trading volume and ROI percentage.
- Top traders will share up to $1.5 million in BNB.
- An additional 200,000 USDC is available through limited-time missions exploring Spot Copy Trading and Trading Bot.
- Event runs from October 8 to October 28, 2024.
Futures Traders League
- Prize pool: Up to $7 million in USDT vouchers.
- Includes both Solo ROI and Team PNL competitions.
- New Futures traders can access a $700,000 USDT welcome prize pool.
- Solo competition runs from October 8 to October 28, 2024. Team competitions begin on October 17 and end on November 6, 2024.
“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.”
—Rachel Conlan, CMO at Binance
To wrap it up
Binance’s Traders League is set to be the platform’s biggest trading event to date, offering a wide range of opportunities for both retail and high-volume traders. With a record-breaking $10 million prize pool, Binance continues to push for greater accessibility and engagement within the crypto trading community.
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.
