FTX announces trader tournament with prize pool up to $54,800

The crypto exchange FTX will run the trader tournament FTX CUP #1 with a prize pool of up to $54,800. The announcement appeared in the trading platform’s blog on ForkLog HUB.

The tournament will start on September 25 at 12:00 (MSK) and end on October 25 at 12:00 (MSK). Registration to participate in the competition is open until October 24.

Traders will receive prizes in three categories:

• Trading volume: prize pool — $33 500, 116 winners, first place — $5000;
• Trader strength: prize pool — up to $18 500, five winners, first place — up to $10 000;
• Additional categories: prize pool — $800, four winners, prize — $200.

Participation requirements for FTX CUP #1:

• complete KYC1 verification;
• register for the tournament по инструкции from FTX;
• create a sub-account named ‘Tradelink’ and deposit at least $200 into it;
• do not deposit or withdraw additional funds from this account;
• trade on the sub-account with allowed pairs.

List of allowed trading pairs:

• BTC-PERP and BTC/USD;
• ETH-PERP and ETH/USD;
• LINK-PERP and LINK/USD;
• SOL-PERP and SOL/USD;
• FTT-PERP and FTT/USD;
• MATIC-PERP;
• ADA-PERP;
• XRP-PERP;
• BCH-PERP;
• EOS-PERP;
• DOGE-PERP;
• LTC-PERP;
• DOT-PERP.

Participants from Russia and the CIS who are not market makers or institutional traders may participate.

FTX may disqualify users for depositing and withdrawing funds from the sub-account before the tournament ends, for fictitious trades, and for trading non-permitted pairs.

More details on the tournament terms and prizes are on the site FTX CUP #1.

Earlier, ForkLog and FTX published educational cards on trading tokenized stocks.

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