In this post:
- Pantera-backed crypto exchange VALR has unveiled a competition hub called Futures Trade Arena for crypto futures traders.
- Participants will compete against each other, and the winners will be selected based on PnL performance and ROI percentage returns.
- The program will offer monthly prize pools of up to 120,000 USDT, whose distribution will vary depending on the number of eligible participants.
Pantera-backed crypto exchange VALR has unveiled a trading competition for traders called VALR’s Futures Trade Arena. The competition gives traders a chance to win weekly and monthly prices. The winners will be selected based on their performance metrics, including USDT-denominated profit and loss (PnL) as well as return on investment (ROI).
VALR Exchange has unannounced a trading area for skilled futures traders. The trading program will offer participants who meet a set standard of requirements predetermined by the exchange a chance to gain rewards through trading activities.
Futures Trade Arena will compete for 120,000 USDT every month
The Futures Trade Arena will offer participants prizes worth 120,000 USDT monthly, with each prize pool adjusted to fit all eligible traders. The trading competition will run from October 1st, 2024, to April 30th, 2025.
Participants must meet several requirements before being eligible to participate in the competition. They must all meet Know Your Customer (KYC) verification requirements. Traders accepted into the competition must have achieved a trading volume of more than $2000 in Futures from any pairs offered by VALR’s Futures platform. The traders must achieve the volume in the preceding 14 days before the start of a weekly competition round.
The exchange will automatically pull traders who have achieved the $2,000 trading volume cap into the forthcoming weekly and monthly competition rounds of the same month.
The infrastructure has been set up that way to accommodate traders of all skill levels and ensure they can compete regardless of when they entered the competition. The infrastructure looks to promote a fair system of ensuring traders are exposed to the same trading conditions and that the distribution of rewards to all winners is based on performance.
The rewards program suits performance over trading size
Top traders with the highest USDT-denominated PnL and ROI percentage returns in the monthly competition will receive anywhere between 2,000 USDT and 10,000 USDT. On the other hand, traders who emerge victorious in the weekly competition will receive between 25 USDT and 2,880 USDT in each category.
Monthly competition rounds have four weekly rounds, and all traders from all walks of life are invited to participate, excluding the exchange’s employees, contracts, and traders residing in countries prohibited from accessing and using VALR’s platforms.
Chief Marketing Officer of VALR Ben Caselin mentioned that the exchange will focus on rewarding trading performance from real trading activities to accommodate both professionals and retail traders to compete regardless of their trading sizes.
“This initiative truly levels the playing field, allowing both professional and retail traders to compete on strategy, not just trade size. It’s all part of our ongoing commitment to building VALR as a global brand that prioritizes fairness and opportunity for all.”
-Ben Caselin
The Futures Trade Arena comes after the exchange launched the global Futures trading program called Grand Slam of Trading Competitions. The Grand Slam of Trading Competitions officially debuted in May 2024, offering participants massive prize pools of up to $60 million in Tether’s stablecoin USDT. The program includes all users trading perpetual futures on VALR, with monthly prize pools ranging from 33,000 to 5 million USDT, depending on the total trading volume for the month.
