Let's face it: crypto traders thrive on trading competitions. If you’re one of them, you’ll definitely want to check out what WhiteBIT has prepared for you.
Why do crypto enthusiasts invest their time in trading competitions? There are several compelling reasons. It could be the thrill of an engaging experience, the innate drive to outperform competitors, the chance to test one's skills under psychological pressure, and, of course, the appealing prizes.
In this new trading season, WhiteBIT is going above and beyond. This round, not only the seasoned traders will be rewarded, but newcomers as well. And there's more to win than just money; there are also NFTs, and branded merchandise, among other things.
The criteria for winning in various trading race categories have been broadened. In the past, victory was solely determined by having the highest trading volume for a selected trading pair. However, moving forward, competition will also include categories for the best Realized Profit & Loss (rP&L) or a combination of rP&L and trading volume. This updated system not only makes winning more accessible to WhiteBIT's whales but also for participants with smaller deposits.
Thus, we have three distinct types of trading tournaments:
- The highest trading volume figures
- The best rP&L results
- Combined tournaments (rP&L+trading volume)
To accommodate more winners, additional parameters will also be introduced. For example, there will be tournaments specifically for novices, accessible only to new users of the platform, who have registered on the exchange within three calendar months prior to the commencement of the competition. There is also the aforementioned proportional distribution of rewards where winners will receive prizes corresponding to their contribution to the total trading volume of the tournament or their rP&L.
Dive into the refreshed trading tournaments from WhiteBIT! Stay ahead and gather information about upcoming competitions in advance by checking the selected competition's page and the WhiteBIT blog.
WhiteBIT stands as one of Europe's leading crypto exchanges. As of September 2023, it boasts a user base of over 4 million. The exchange processes an average daily trading volume exceeding $2.5 billion and supports more than 350 trading pairs, 270 assets, and 10 national currencies.
Furthermore, WhiteBIT has established significant partnerships. The exchange is an official partner of the Ukrainian national football team and football clubs such as Barcelona and Trabzonspor and collaborates with Lifecell, FACEIT, and the National University of Kyiv-Mohyla Academy. In collaboration with the Ministry of Foreign Affairs of Ukraine, it launched a chatbot to aid Ukrainians overseas. Some of the platform's latest milestones include the rollout of its own blockchain, the WB Network, and the WhiteBIT Launchpad – a platform dedicated to voting and launching new crypto projects.
