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Cryptocurrency News Articles

Bitrue Sweetens the Pot with $50K XRP Trading Competition

Mar 22, 2024 at 05:32 pm

Bitrue Sweetens the Pot with $50K XRP Trading Competition

Is Bitrue Sweetening the XRP Pot with a $50,000 Trading Competition?

Hot on the heels of listing a slew of XRP trading pairs, Bitrue is hosting another trading bonanza centered around the digital asset, offering up a $50,000 prize pool.

What's Up for Grabs?

The competition, which kicked off on March 21, is open to traders who participate in spot trading of specific XRP pairs, including SHIBXRP, PEPEXRP, and BONKXRP. The prize pool will scale up based on the number of participants, with the top three traders taking home 20%, 15%, and 10%, respectively.

How to Get a Slice of the Pie?

To join the competition, you'll need to register on Bitrue and start trading the eligible XRP pairs. The prize pool is currently sitting at $16,000 with over 2,500 participants, but it could balloon to $50,000 if the number of traders exceeds 5,000.

Who's Eligible to Play?

The competition is open to all registered Bitrue users, but market makers are excluded from participating. Rewards will be distributed in USDT to winners' futures trading wallets within two weeks of the competition's end.

Is Bitrue on a Roll with XRP Contests?

This isn't the first time Bitrue has hosted an XRP trading competition. Last month, the exchange launched a similar contest with a $1 million prize pool, highlighting its bullish stance on the digital asset.

Why the XRP Hype?

Bitrue's recent listing of XRP pairs with meme coins and utility tokens suggests that the exchange is betting on XRP's potential as a bridge currency and store of value. The competition is likely an attempt to generate excitement and increase trading volume around XRP, which has been showing signs of recovery in recent weeks.

Final Thoughts

Whether you're an XRP enthusiast or simply looking to boost your trading profits, Bitrue's latest competition offers a chance to grab a share of a substantial prize pool. With six days and two hours left on the clock, there's still time to join the fray and see if you can emerge as one of the top traders.

Disclaimer:info@kdj.com

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Other articles published on Nov 22, 2024