It’s the second time the Ukrainian crypto exchange WhiteBIT is starting a futures contracts competition. Participants will compete in trading ETH-PERP perpetual futures. So, what is so cool about futures contracts?
Futures guarantee that the buyer will buy an asset at a specified price and time. Such contracts help to trade digital assets without owning them and to profit from the difference between the fixed price and the future price. Here is why we love them:
⦁ Futures trading commissions are lower;
⦁ With leverage, you can make a larger profit;
⦁ They help manage risks and ensure your trading portfolio;
⦁ Futures allow for benefiting from any market movement, even a fall.
So, what about the WhiteBIT trading competition? Let’s look at the details of the activity:
Prize pool: 50,000 USDT
Duration: from the 17th (12 p.m. UTC) till the 27th (11:59 a.m. UTC) of December
Reward distribution:
- 1st place — 10,000 USDT
- 2nd place — 5,000 USDT
- 3rd place — 3500 USDT
- 4–9 places — 2,500 USDT
- 10–20 places — 1,500 USDT
There is an up-to-date table of battle leaders on the competition page. It updates every 30 minutes. Top traders will receive their prizes as WhiteBIT Codes by e-mail within 5 business days after the competition ends.
Trading futures on WhiteBIT is easier than anywhere else:
⦁ The platform offers the lowest market fees, breaking records even among futures contracts;
⦁ The exchange is optimized for numerous transactions;
⦁ WhiteBIT has enough liquidity pool to work with the biggest traders;
⦁ The platform offers leverage of up to 20x.
About WhiteBIT
WhiteBIT is the biggest European cryptocurrency exchange, with over 3 000 000 users worldwide, 350+ trading pairs, and a maximum daily trading volume of $2,5B. It provides Spot, Margin, and Futures trading with an adjustable up to 20x leverage.
According to CER.live, WhiteBIT is one of the three most secure crypto exchanges and the second (AAA-rated) most secure exchange in the world based on an independent audit by Hacken.
The platform ensures transparency and security utilizing identity verification and 2FA and offers additional account protection with an Anti-Phishing code.
Disclaimer
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Source: https://beincrypto.com/whitebit-launches-50000-usdt-futures-competition/