Cryptocurrency Trade Bullish has introduced particulars of the buying and selling competitors to be held within the third quarter of this yr.
The competitors's complete prize pool is $14 million, with $10 million being the winners, with the remaining pool spreading to the primary, second and native winners.
Not like previous buying and selling competitions established by BYBit and Bitmex for retailers, bullish competitors is aimed toward skilled merchants and is judged by a set of things, together with earnings and danger metrics.
These components are judged by trade veterans from Anamite Capital, 9 Block Capital, Nickel Digital and Argoquanto. Finalists could also be requested to current their buying and selling technique to the judges earlier than the occasion ends.
This competitors comes because the cryptocurrency trade is experiencing the largest wave of institutional adoption to this point.
BTC$109,544.37
on every steadiness sheet.
Buying and selling actions additionally replicate this shift, with CME setting a document earlier this yr by way of quantity and open curiosity. The April Coindesk index report additionally advised that the establishment was pushing for management of Bitcoin earlier this yr.
Disclaimer: Each Bullish and Coindesk are owned by Block.One.
