Following its rise to the top 10 of the derivatives exchanges, leading cryptocurrency derivatives exchange BTCMEX announced the start of a new recurring trading competition type aimed at quantitative and professional traders. Following a successful first competition, the exchange hopes to host the competition every 2 months.
One of the peculiarities of this trading competition is its reported sole use of API trading. This move, as announced by the company, was done in order to foster professional traders to demonstrate their superiority when it came to quantitative trading.
The reported total pool prize is up to 2.2 BTC for a value of $50,000 as of today’s BTC price. The competition lasts two weeks and prizes being distributed are in three categories: PNL, trading volume, and total profit.
Registrations have started and will last 2 weeks before the competition starts on January 10. For more details visit the competition page – https://www.btcmex.com/botRace
BTCMEX is a Hong Kong-based derivatives exchange that started in 2019, the exchange is known for its low fees, deep liquidity, and reliability. While only starting with a single 100X BTCUSD trading pair, the platform has recently expanded its products to include 6 new 125X USDT based trading pairs, released a newly updated affiliate platform, and plans to soon launch an annual saving plan.
Disclaimer: This is a paid post and should not be considered as news/advice