On November 4, 2024, the crypto community eagerly anticipates the kickoff of the second edition of the Winter Trading Competition, organized by Deribit, an industry-leading Bitcoin and Ethereum options exchange. This year, in collaboration with SignalPlus—a prominent trading dashboard—the competition promises participants an impressive $200,000 USDC prize pool, alongside enticing luxuries like iPhones, PlayStation 5s, and a plethora of other rewards. This contest is not merely an opportunity for traders to compete; it also offers a platform for growth, learning, and strategic development, aiming to attract both novice and seasoned traders alike.
The Winter Trading Competition will unfold over a 35-day span, from November 4 to December 9, 2024. Participants can expect a dynamic trading environment as they engage with options, futures, and spot trading through the SignalPlus platform. Registration for this thrilling competition remains open until December 9, encouraging all retail participants to secure their spots early.
For those registering by November 5, a special incentive in the form of a US Election Option awaits, further enhancing the competition’s appeal. The overarching goal of the event is clear—to foster skills development among traders while offering substantial rewards. Luuk Strijers, Deribit’s CEO, expressed enthusiasm about building on the success of the previous year and emphasized the significant growth and passion observed in the trading community.
The competition features a multi-faceted rewards structure designed to engage participants at various levels. For individual traders, an intense competition awaits, focused on semi-finals and finals, where prizes will be awarded to the top 35 traders, with the leader potentially earning up to 5,000 USDC. For participants preferring teamwork, a team contest elevates the stakes with prizes ranging from 1,000 to 5,000 USDC awarded to the five highest-performing teams.
Adding to the excitement, the competition will host daily prize draws for 35 days, providing 111 lucky participants with cash rewards each day. Additionally, special ranks will reward 9 traders daily with prizes ranging from 10 to 300 USDC, creating a rich tapestry of chances to win. This wide array of rewards serves to engage participants continuously and encourages them to maximize their trading potential.
This year’s competition goes beyond mere financial gain; it emphasizes trading education and personal growth. Participants will gain access to several AMA sessions hosted by industry experts, providing invaluable insights into strategies and methodologies that can benefit traders in their journey. Such resources can be instrumental in guiding participants toward making more informed trading decisions.
The inclusion of training sessions led by experts from Deribit further underscores the event’s commitment to enhancing participants’ skills. By combining high-stakes trading with educational opportunities, this competition not only stresses the importance of competition but also promotes a culture of continuous improvement.
In an effort to broaden engagement, Deribit and SignalPlus have introduced a referral program, allowing current participants to benefit from incentivizing others to join the competition. Those who invite others can earn up to 10,000 USDC, creating a movement of shared interest among traders. This community-focused initiative not only amplifies the excitement surrounding the competition but also builds a stronger network of participants eager to learn and thrive in the trading environment.
Chris Yu, Co-Founder of SignalPlus, reinforced this collaborative spirit by highlighting the innovative tools available to participants through the SignalPlus platform. The integration of advanced analytics and trading strategies creates a unique platform where traders can engage with crypto options in innovative ways, pushing the boundaries of what’s possible in crypto trading.
As the Winter Trading Competition 2024 prepares to launch, it marks a substantial evolution in the realm of crypto trading contests. Offering significant prizes and unparalleled learning opportunities, this initiative serves as an invitation for traders worldwide to partake in one of the most exciting and rewarding competitions of the year. With more than just monetary prizes at stake, participants can elevate their trading skills and embrace the exhilarating challenge that lies ahead. The event promises to be a landmark occasion in the world of crypto trading, and traders should seize this chance to partake in a transformative experience.