The Pantera-backed cryptocurrency exchange VALR is pleased to announce the launch of VALR’s Futures Trade Arena, a competitive trading platform where traders may compete for weekly and monthly rewards determined by their performance in terms of ROI and PnL. By rewarding performance rather than merely transaction size, this new program, which will be in effect from October 1, 2024, until at least April 30, 2025, levels the playing field.
Monthly prize distribution at the Futures Trade Arena is based on the number of qualified players and may reach up to 120,000 USDT. The top 10 traders in each category get weekly rewards ranging from 25 USDT to 2,880 USDT, while the best traders by ROI and PnL receive monthly prizes ranging from 2,000 USDT to 10,000 USDT.
Traders must have traded at least $2,000 in futures on any of VALR’s futures pairs during the 14 days prior to the commencement of a Weekly Competition Round in order to be eligible for the Futures Trade Arena. Traders are automatically entered into the subsequent Weekly Competition Round and the associated Monthly Competition Round of the same month after reaching the $2,000 trading criteria. This system guarantees fair competition for performance-based rewards and allows traders of all skill levels to participate, regardless of when they achieve the qualifying requirements.
There are four successive Weekly Rounds in each Monthly Competition Round. Top performers are given prizes in both ROI percentage terms and absolute USDT-denominated PnL, giving traders many opportunities to succeed. All new and current fully KYC-verified VALR clients are eligible to enter the competition; however, VALR employees, contractors, and citizens of restricted nations are not.
With the help of VALR’s latest product, traders of different sizes and backgrounds will be able to demonstrate their trading prowess without being overwhelmed by those who execute bigger deals. With performance-based rewards that open doors for all players, the Futures Trade Arena focuses on rewarding astute, successful trading tactics.
Ben Caselin, Chief Marketing Officer of VALR, commented on the launch:
Launched in May 2024, VALR’s Grand Slam of Trading Competitions is a worldwide futures trading program that is enhanced by the Futures Trade Arena. With up to 60 million USDT up for grabs over a 12-month period, the Grand Slam boasts one of the biggest prize pools in the world. The monthly prize pools, which vary from 33,000 to 5 million USDT based on the overall trading volume for the month, automatically include all customers trading Perpetual Futures on VALR.
The Grand Slam is intended to draw in both retail and professional traders so that everyone involved may profit from the platform’s expansion. Some of the biggest trading companies have shown a great deal of interest in this worldwide project, which demonstrates VALR’s ongoing dedication to growing its presence in the global cryptocurrency market.
Established in 2018, VALR is the biggest cryptocurrency exchange in Africa based on transaction volume, catering to over 950,000 individuals worldwide and more than 1,100 corporate and institutional customers. VALR, which has its headquarters in Johannesburg, is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. It also has initial approval from Dubai’s VARA and authority to provide services in Europe. Leading investors Pantera Capital, Coinbase Ventures, GSR, and Avon Ventures, a division of Fidelity Investments, have contributed $55 million to VALR’s fundraising.
Offering safe, transparent, and creative solutions for both professional and retail traders, VALR sets itself apart with its customer-first mentality. Leading the African cryptocurrency sector, VALR links international markets by taking advantage of opportunities in Asia, Europe, Africa, and beyond. To learn more, go to valr.com.
