Since March began, the cryptocurrency market has experienced some of its highest volatility in the last decade and many cryptocurrencies crashed to their lowest value in 2020 just days ago.
In this time, cryptocurrency trading volumes have skyrocketed and many popular cryptocurrency exchanges have seen a huge influx of traders, many of which are looking to get in on the market in anticipation of the Bitcoin (BTC) halving in may, while some are looking to profit from the recent volatility. This has also seen several exchanges launch some pretty lucrative promotions in order to convert and retain many of these users.
One of the most popular ways to provide additional value to cryptocurrency traders is with a trading competition, which typically sees cryptocurrency trading platforms offer up crypto prizes to whoever performs best in the competition.
With that in mind, we’ve scoured the internet to find three of the very best currently active crypto trading competitions.
Earn Your Share of $100k with StormGain
Launched in 2019, StormGain is a cryptocurrency derivatives trading platform that emphasizes simplicity, security and most of all, pioneering new features. As a cryptocurrency derivatives exchange, StormGain offers a variety of different cryptocurrency futures products—all of which allow customers to go either long or short on the market.
Beyond the wide range of cryptocurrency futures contracts available on the platform, StormGain offers a huge range of other features that help it stand out from the competition. These include an industry-leading maximum of 200x leverage for its BTC/USDT futures, some of the lowest fees in the industry and up to 10% interest in deposits.
StormGain is also running what it believes is the largest cryptocurrency demo account trading competition ever launched. In total, the exchange is offering up more than 100,000 Tether (USDT) in prizes to participants in its ‘Coin Contest’.
The rules are simple, create an account on StormGain and register for the contest. Then, using your StormGain demo account loaded with 50,000 USDT in play funds, rack up as much profit as possible in whatever way you choose. At the end of the competition (April 9, 2020), the top 500 demo traders by profit will win their share of the prize pot—with the number one participant winning almost 6,000 USDT.
SnapEX — Win up to 1,000 USDT
SnapEX is a Hong Kong-based cryptocurrency trading platform that specializes in easy to use trading solutions. The platform features futures contracts for a handful of popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and Cardano (ADA)—all of which are paired against USDT.
Unlike many similar platforms, SnapEX allows users to customize their trading interface with multiple charts at once and also features a built-in OTC platform that allows customers to buy or sell cryptocurrencies with their Mastercard or Visa debit card.
SnapEX is currently running a series of trading competitions which it calls the “SnapEX World Trading Championship.” For each quarter in 2020, SnapEX will host a trading contest that will see SnapEX users compete on the basis of daily return-on-equity (ROE) for their real trading account.
The first competition runs between March 17 and March 31, 2020, after which up to 400 participants will win a fraction of a variable size prize pot. Assuming the contest gets over 4,000 participants, there will be a 35,000 USDT prize pool up for grabs, with the number one trader by daily ROE winning 1,000 USDT.
Hxro 1 BTC Stimulus Package
Hxro is a new platform that offers daily fantasy cryptocurrency trading. The platform allows customers to buy and sell a range of time-based perpetual cryptocurrency derivatives.
Unlike most other cryptocurrency trading platforms, Hxro offers a simple way to interact with and trade cryptocurrency markets and includes social gaming layers to make trading feel more like a game.
The platform’s flagship product is its MoonRekt game, which allows players to speculate on the direction of the Bitcoin market over pre-defined lengths of time. As such, customers can choose whether Bitcoin or a variety of other cryptocurrencies are likely to go higher or fall, and if correct, they will net a profit.
Like StormGain and SnapEX, Hxro is also running its own version of a trading competition, which sees MoonRekt contract traders rewarded on the basis of total profit and loss, total return on investment and total transacted value.
In total, Hxro are putting up 1 BTC for the competition, with 0.5 BTC being split between the top 10 traders by total profit and loss, while 0.25 BTC each will be allocated to the top 10 traders in the total ROI and total transacted value.