VALR Launches $60M USDT Trading Contest, Aiming to Become a Crypto Exchange Leader

VALR, a leading crypto exchange, announces an ambitious trading contest with a prize pool of over $60 million USDT. This competition aims to enhance liquidity and attract top trading talent, positioning VALR as a leading platform alongside Binance and Bybit. The Grand Slam of Trading Competitions offers rewards for traders of all levels, including monthly prizes ranging from $30,000 to $5 million USDT and tiered rewards for participation in separate monthly futures trading contests. This initiative reflects VALR's commitment to democratizing trading opportunities and has garnered interest from large trading firms.

VALR Announces Ambitious $60 Million USDT Trading Contest, Positioning Itself as a Leading Cryptocurrency Exchange

VALR, a prominent cryptocurrency exchange, has unveiled an unprecedented trading contest with a prize pool surpassing $60 million USDT. This initiative marks a significant step in VALR's aspiration to establish itself as a leading platform alongside industry giants such as Binance and Bybit.

The Grand Slam of Trading Competitions, commencing in May and spanning 12 months, is designed to attract the world's top trading talent and showcase the depth and competitiveness of VALR's trading services. By offering a wide range of trading options, including over-the-counter (OTC), spot, and futures trading, VALR caters to both professional and retail traders.

Starting with the Perpetual Futures competition, users who engage in trading on VALR will be automatically enrolled in the contest. Monthly prizes will range from $30,000 to a staggering $5 million USDT, determined by the total trading volume across all futures pairs. This structure aims to enhance market liquidity and foster active participation across the platform.

Recognizing the diverse nature of the trading community, VALR has introduced separate monthly futures trading contests with over $1 million USDT in rewards. These rewards are tiered by participation, providing a fair opportunity for traders of all levels to win, not just the crypto whales. This approach underscores VALR's commitment to democratizing trading opportunities.

"With this program, our goal is to create an environment where everyone has a chance to succeed in winning a share of tens of millions of dollars a year," said Farzam Ehsani, Co-Founder and CEO of VALR.

Ehsani expressed his enthusiasm about launching the Grand Slam of Trading Competitions, emphasizing the significant prize pool. He noted that the initiative has garnered strong support and interest from some of the world's largest trading firms, indicating its potential to transform the landscape for VALR and its expanding user base.

Since its inception in 2018, VALR has grown its global presence exponentially, serving over 1,000 corporate and institutional clients and more than half a million retail traders. It has obtained regulatory licenses in South Africa and provisional approvals in Dubai and Poland. VALR's commitment to compliance, coupled with strategic investments totaling $55 million from investors like Pantera Capital and Coinbase Ventures, positions the company as a reliable and well-funded platform.

With its enhanced offerings and the Grand Slam of Trading Competitions, VALR is poised to cement its position as a leading cryptocurrency exchange. The platform's dedication to innovation, fair competition, and the democratization of trading opportunities is expected to propel its growth and attract traders worldwide.