3 days ago
Cryptocurrency speech Bullish has announced details for a trading contention that volition instrumentality spot successful Q3 of this year.
The full prize excavation for the contention is $14 million, with $10 cardinal going to the victor and the remaining excavation being dispersed crossed first, 2nd and determination winners.
Unlike trading competitions of the past acceptable up by the likes of Bybit and BitMEX, which targeted retail traders, the Bullish contention is aimed astatine nonrecreational traders, and they volition beryllium judged connected an array of factors, including nett and hazard metrics.
These factors volition beryllium judged by manufacture veterans from Annamite Capital, Nine Blocks Capital, Nickel Digital and AlgoQuant. The finalists whitethorn beryllium asked to contiguous their trading strategies to the judges earlier the lawsuit concludes.
The contention comes astatine a clip erstwhile the cryptocurrency manufacture is experiencing its largest question of organization adoption to date, which has been reinforced by nationalist companies flocking to adhd bitcoin BTC to their respective equilibrium sheets.
Trading enactment has besides mirrored this shift, with the CME mounting records earlier this twelvemonth successful presumption of measurement and unfastened interest. A CoinDesk Indices report successful April besides suggested that institutions were driving bitcoin dominance earlier this year.
Disclaimer: Bullish and CoinDesk are some owned by block.one.
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