Cryptocurrency Exchange Bullish has announced details of a trading competition taking place in the 3rd quarter of this year.
The total prize pool for the competition is $ 14 million, with $ 10 million going to the winner and the remaining pool spread over first, second and regional winners.
Unlike trading competitions of the past, created by, like Bybet and Bitmex, which targeted retailers, the bullish competition is aimed at professional dealers and they will be judged according to a number of factors, including profits and risk meters.
These factors will be judged by industry veterans from Annamite Capital, Nine Blocks Capital, Nickel Digital and Algoquant. The finalists may be asked to present their trading strategies to the judges before the event ends.
Competition comes at a time when the cryptocurrency industry is experiencing its biggest wave of institutional adoption to date, which has been reinforced by public companies flowing to add Bitcoin
to their respective balance.
Trade activity has also mirrored this shift with CME setting records earlier this year with regard to volume and open interest. A Coindesk -Index Report in April also suggested that institutions were running Bitcoin dominance earlier this year.
Disclaimer: Bullish and Coindesk are both owned by Block.one.
