VALR launches Futures Trade Arena with performance-based prize pools 
Cryptocurrency Oct 23, 2024 Share
VALR, a Pantera-backed cryptocurrency exchange, has launched the Futures Trade Arena, a new trading platform that rewards participants based on their Return on Investment (ROI) and Profit and Loss (PnL) performance, as confirmed to Finbold on Wednesday, October 23.
Running from October 1, 2024, to at least April 30, 2025, the new trading platform is expected to level the playing field for all investors on VALR.
Commenting on the launch, VALR’s Chief Marketing Officer, Ben Caselin, said:
Picks for you
Are junior gold miners the best precious metal play right now? 15 seconds ago 'Rich Dad' R. Kiyosaki reveals the best thing to do with Bitcoin in October 42 mins ago Analyst sets the blueprint for Bitcoin’s next 'parabolic rally' 51 mins ago Gold is now most overbought in 5 years; Is it time to sell? 2 hours ago
“The Futures Trade Arena is a game-changer. We’re not just focusing on volume but on rewarding real trading performance. 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.”
VALR’s Futures Trade Arena
Those participating in the Futures Trade Arena will have the chance to win up to 120,000 Tether (USDT) in monthly prizes, although rewards will be adjusted according to the number of eligible participants.
Top traders — again, based on ROI and PnL — stand to win between 2,000 and 10,000 USDT each month.
Weekly prizes for the top 10 performers, on the other hand, range from 25 to 2,880 USDT.
To participate, traders must have traded at least $2,000 on any of VALR’s Futures pairs within 14 days before a Weekly Competition Round.
Those who meet this requirement are automatically entered into the next Weekly and Monthly Rounds, so all participants can join the competition as soon as they qualify.
The competition is divided into Monthly Rounds, each comprising four Weekly Rounds.
Traders can compete for top positions based on both their percentage ROI and absolute PnL in USDT, offering multiple ways to win.
Fostering an inclusive trading environment
The contest will be open to verified VALR customers, while VALR employees and contractors will be excluded to foster a more fair contest environment.
By focusing on smart strategies rather than large trade volumes, the Futures Trade Arena provides a dynamic and competitive atmosphere for all participants.