Matrixport, a globally recognized one-stop crypto financial services platform, has officially announced the launch of its Derivatives Trading Competition. The event is set to run from January 6, 2025, to February 6, 2025, and features a prize pool exceeding 40,000 USDT, along with multiple high-value rewards including iPhone 16 devices and PlayStation 5 consoles.
Event Highlights and Schedule
The competition offers participants multiple avenues to earn rewards through trading activities. Key dates and structural details are outlined below:
- Competition Period: January 6, 2025 – February 6, 2025 (UTC)
- Total Prize Pool: Over 40,000 USDT in value
- Key Rewards: Trading bonuses, a volume-based prize pool, and special physical prizes.
How to Participate and Win Rewards
The competition is designed to cater to both new and experienced users of the platform's derivatives trading services, known as MP Contracts.
For New Users: Welcome Bonus
The first 500 new MP Contracts users who complete the following steps will receive a 20 USDT bonus:
- Deposit a minimum of 100 USDT into their MP Contracts account.
- Execute their first trade with a volume exceeding 1,000 USDT.
This initiative is designed to provide a risk-mitigated introduction to derivatives trading.
For All Traders: Volume Competition
The main event is a trading volume competition with a dynamically unlocking prize pool.
- Prize Pool: Up to 30,000 USDT, with the final amount determined by the total trading volume generated by all participants during the event.
- Distribution: The top 100 users on the competition leaderboard will share the prize pool. Rewards are distributed based on each user's proportion of the total trading volume among the winners.
Special Physical Prizes
Adding to the excitement, the two users who achieve the highest trading volume throughout the competition will win premium physical prizes:
- First Place: iPhone 16
- Second Place: PlayStation 5
The Matrixport Trading Advantage
MP Contracts on Matrixport are built to offer a superior trading experience with several key features:
- High Leverage: Access leverage of up to 125x on select pairs.
- Deep Liquidity: Enjoy tight spreads and efficient order execution.
- Low Fees: Benefit from a competitive fee structure designed for active traders.
- Rapid Listings: Trade a wide array of tokens soon after they hit the market.
- Extensive Market Choice: Choose from over 380 different trading pairs.
Beyond the core trading engine, Matrixport provides users with professional trading tools and real-time market data analytics. These resources are crucial for conducting thorough analysis and making informed trading decisions. For those looking to improve their strategy, you can explore more advanced trading tools available in the market.
Leadership Perspective
John Ge, Co-founder and CEO of Matrixport, shared his thoughts on the event: "Matrixport is committed to providing a secure, transparent, and efficient digital asset trading environment for our qualified global users. This derivatives competition offers a platform for traders to demonstrate their skills and is our way of rewarding the community with substantial earning opportunities. We hope every participant experiences the robust security, innovative products, and superior service that define the Matrixport ecosystem."
Frequently Asked Questions
Q: Who is eligible to participate in the Matrixport trading competition?
A: The competition is open to qualified users on the Matrixport platform. Users must ensure they comply with their local regulations regarding derivatives trading. Specific eligibility criteria are available on the official competition page.
Q: How is the trading volume calculated for the leaderboard?
A: Trading volume is calculated based on the total value of all trades executed during the competition period. Both long and short positions contribute to your total volume. The official rules provide a detailed formula.
Q: What are the key dates I need to remember?
A: The competition starts on January 6, 2025, and all qualifying trades must be completed by February 6, 2025. The final leaderboard and prize distribution will be announced after a verification period.
Q: Can I participate if I am new to derivatives trading?
A: Absolutely. The competition has a specific reward for new users, making it a great opportunity to learn. However, it is vital to understand the risks associated with leveraged trading before participating.
Q: How and when will the prizes be distributed?
A: USDT rewards and bonuses will be distributed to winners' Matrixport accounts after the conclusion of the event and completion of audit checks. Physical prizes will be shipped to the winners upon confirmation of their shipping addresses.
Q: Where can I find the complete official rules for this event?
A: The full terms and conditions, including detailed rules, eligibility requirements, and prize distribution mechanisms, are available on the official Matrixport website announcements page. To stay updated on all details, you can view real-time competition updates.
Matrixport, founded in 2019, is a leading global crypto financial services platform. It offers a super app experience that integrates crypto trading, investment, lending, custody, and real-world assets (RWA). The platform is renowned for its security and compliance, holding several key licenses globally, and has been recognized by industry leaders for its innovation and growth.