Cryptocurrency derivative exchange launches worldwide trading contest
A crypto exchange has launched a brand-new contest to find the ultimate trading masters.
Bityard, which is based in Singapore, says a maximum price pool of up to 60,000 USDT is up for grabs — rising incrementally from 5,000 USDT depending on how many participants decide to get involved.
Competitors have the chance to band together in teams as they put strategies through their paces in the choppy crypto markets.
The team that comes in first place will share 30% of the total prize pool between them, with 20% earmarked for the group in second place, and 10% for those who come in third. The remaining 40% will be divided between those who rank in positions four to ten.
Other opportunities can be found through the Team Popularity Award, with Tron prizes available for groups with the highest number of members.
Statistics about the current size of the prize pool — along with the number of participants and the state of play across each team — are updated every two hours, allowing crypto enthusiasts to keep track of how the contest is progressing.
According to Bityard, contests are a powerful way of bringing communities together. It points to Bybit, which recently attracted more than 12,000 global traders when it held its global game — World Series of Trading.
More insights from Bityard here
A seamless experience
Bityard says first-time users can complete user registration and start trading in under one minute. A high-powered desktop interface is complemented by dedicated apps for iOS and Android devices. Once an account has been registered, users can deposit their funds and begin trading.
Popular cryptocurrency pairs — including Bitcoin, Ether, Dash, XRP, Bitcoin Cash, EOS and Litecoin — are available on Bityard. Users can either choose to buy these coins or trade contracts.
The exchange is regulated and licensed under Singapore’s Accounting and Corporate Regulatory Authority, which is otherwise known as ACRA for short.
Bityard’s very first trading contest comes as financial institutions and major companies continue to gain exposure to the crypto market — with exchanges increasingly becoming some of the most popular apps for global traders to download.
Learn more about Bityard
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