For a small trader, the Coinbase crypto trading competition is something of an anomaly—an opportunity to be on par with the rest. Krown, a commentator and veteran of the crypto markets, agrees; he points to this as an occasion where accounts can compete for prizes based on percentage profit, regardless of their size, creating a more even playing field.
A Fair Playing Field for All Account Sizes
Krown notes that the norm in crypto trading competitions is to give the edge to big accounts, some might say to the point of being a scam for the retail crowd. Absolute profit is what is rewarded in such contests, so unless one has the capital to back it up, there is little prospect of coming out on top.
Coinbase has done away with that old way of doing things. With a category based on percentage P&L, the competition gives smaller traders the means to go head to head with those who have more to start with. In Krown’s view, it is a unique feature in the space and a move in the right direction for inclusivity.
Growing Prize Pool and Registration Details
The incentive to take part is not just the format but the prize pool, which started at $100,000 and has grown to $350,000, still rising with each new entrant.
To spread the word about the competition, Krown has made a direct arrangement with Coinbase Advanced and has an affiliate link to share. It is a good deal for any trader, with 80 percent off trading fees and 10 percent off on derivatives. One has until November 25 to sign up via his link, and any trades executed after registration will be entered into the running. Those already on the platform are no exception and must register if they want their activity to count.
Implications for the Crypto Trading Community
By rewarding relative performance rather than volume, the Coinbase event is establishing a measure of fairness for the industry. Krown sees it as a solution to issues of transparency and accessibility that have existed for some time. The example set by Coinbase may well cause others in the business to reconsider how they run their contests and offer a better deal to the retail trader. For now, it is proof of how a well-conceived competition can open doors for everyone involved.
Discover how participating in live crypto trading tournaments can level the playing field for small traders aiming for big rewards. live crypto trading tournaments.
Every major exchange tournament: what is live now, announced vs distributed prize pools, history since 2020. Updated nightly.
Read also
Discussion
Comments from BuyCrypt Live. Sign in with Google or Apple — we create your BuyCrypt account on the way, the same one as in the app.
