Press Releases
By The Crypto King
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Who doesn't enjoy thousands of dollars being given away for free? What about tens of thousands of dollars?
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The newest exchange tactic to drive users to their platform are trading competitions. These competitions determine winners based on many metrics from percentage gains to volume…
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A recent competition held by OKEx saw over $150,000 USDT given away with my personal team taking home more than $5,000.
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Prior to trading competitions exchanges gave away “trade credit” for signing up which was usually just cashed out after one trade.
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ByBit recently announced a trading competition beginning July 5th, awarding 0.5 – 3+ BTC. This competition will be held in conjunction with the Crypto Kingdom Telegram group.
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By providing $4,500-$30,000+ to traders ByBit has created a very unique incentive to drive users from other platforms onto their own.
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It is likely we see many more trading competition in the next few months as exchanges compete for their percentage share of the overall crypto and Bitcoin trading market.
The Currency Analytics
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