Virtual asset exchange Bithumb announced on the 5th that it will hold the second 'Bithumb Trading King' competition until the 16th, where the prize money increases according to the trading amount.
The Bithumb Trading King competition operates by differentially awarding a portion of the trading amount as prize money to the top 20 participants based on the cumulative trading amount of each virtual asset. A key feature is that the more active the virtual asset trading is, the larger the prize money that can be received.
In the first competition, a total of 833.52 million won was paid out as prize money. The first place in World Coin (WLD) received approximately 43 million won in prize money. The second competition will run until 11:59 PM on the 16th. Participants can join through the link in the Bithumb notice.
Bithumb explained that the number of prize money recipients in this competition has expanded from 460 to 600 compared to the first competition, so more participants will receive rewards. The target virtual assets include BNB, USDC, ADA, and a total of 30 types. The award announcement will be on the 23rd, and prize money will be distributed from the 6th of next month after the award announcement.
A 'Trading King Maker Reward' will also be provided to competition participants who trade through maker orders (limit orders). During the competition period, 0.05% of the amount settled through maker orders will be paid as separate points. Up to 3 million points per member will be provided for each virtual asset. These points are planned to be distributed in bulk on the 30th. They will not be duplicated with existing membership points.
Kim Young-hoon, Head of Customer Strategy at Bithumb, said, "The Bithumb Trading King event was planned to expand rewards centered on actual transactions and increase user accessibility and interest in various virtual assets," and added, "We will continue to expand various events and experience programs to create a customer-centric trading environment."
