Everything You Should Know About Binance Traders League

Binance Traders League, the largest crypto trading competition event of 2024 has begun and has a shot at earning up to $10M in rewards. A leading provider of cryptocurrency services has formally announced the introduction of the ‘Binance Traders League.’ This is considered to be one of the most interesting crypto trading events of the year 2024 and is dedicated to improving investing by providing trading in challenges with adequate incentives. 

Currently, it has more than 230 million creation users and has started this trading league to appreciate & reward the same crypto creations community. Speaking of the rewards, a crypto trader reaped $3.37M in profit after his Popcat asset doubled twice within the month.

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Binance Traders League Launched With $10M Price Pool

Of course, over the years Binance launched many things to enhance crypto trading for investors. In one of such steps, they have introduced the Binance Traders League with a total tournament reward of $10M. What I think is even more important is that they have set up this league in such a format that anyone could come and enjoy it.

This Binance Traders League has two zones. The first one has already been launched and will operate for 20 days while the second part will begin later. According to Binance News, beginners and professionals can participate and participate in various individual or group missions.

The Binance Traders League has even earned comments from Binance’s CMO herself, Rachel Conlan, as she told the audience that it is their mission to make even more and bring more accessibility and fun in trading for the crypto investors. Of course, the people will get to know, develop and even get good returns from this $10 Million prize pool.

Any interested public can participate in these league challenges once they hit a trading volume of at least $500. Even more relevant is that everyone in crypto trading can gain access, regardless of status – average or VIP level from 1 to 6. These users can join and earn with different conditions: ROI, PnL, Volume, etc.

Two Main Competitions of the Binance Traders League

According to the official Binance announcement, this new crypto trading league will hold two primary events, namely the Spot Traders League and the Futures Traders League. The $10M prize pool is between these two where one has certain levels of difficulty and the other has different levels of bonuses.

Present day, the Spot Traders League is shaken and run with a $3 million BNB vouchers prize pool. Moreover, the best performers get a 3^{rd} level bonus of BNB up to an additional $1.5 Million BNB. It also has an extra task that can earn another 200,000 USDC, and clients ignite Spot Copy Trading and Crypto Trading Bots.

Lastly, this league has started and will be held from October, 8 to 28. Here, the participants shall be ranked based on the total ROI percent and the total trading volume percent.

The second is the Future Traders League with a prize pool of 7 000 000 USD vouchers. In this category the players can opt to play Solo or even as a team. However, to achieve flexibility and work at the maximum level, it is necessary to notice that the schedule is different for every category. The Solo trading challenge has started from 8th October and will be available till 28th October. However, the team crypto trading will commence on October 17 and end on November 6 2024. Here is one more crucial feature: if the user has never traded futures before, he can receive an extra $700,000 prize pool.

Final Thoughts

This means that with the Binance Traders League, the exchange has presented a special type of trading experience. In short, the traders of all levels can unite, take part in various activities and win up to $ 10 Million of vouchers and other bonuses. Not mentioned in the Binance news, there are two events in total in this Short and Futures trading league: Event 1 and Event 2 and the details are more complicated than the defichain trading competition, there are different timelines, rewards, and ranking standards for each event. 

Also, the market is near the time called the Uptober and Crypto market rally. Therefore, this is another chance to buy before going fully long on the asset in question. However, there are such threats, so a crypto trader should engage in trading and such difficulties, carefully.