$25,000 Trading Competition Begins on CEX.IO!
Feb 7, 2022

| read

For CEX.IO users, the new year comes with the promise of new opportunities.

We are pleased to announce a revised trading fee structure, which is now USD-denominated. Now, CEX.IO has some of the lowest fees compared to other regulated exchanges.

To celebrate, we’re also announcing a $25,000 Trading Competition! You can win up to $5,000 by trading any pair on the platform. 

Competition dates: February 7 to February 20, 2022

We’ll count trading volume as well as the number of transactions performed. The more you trade — the higher your chances to win a prize! Read on for details.

How to participate in the $25,000 Trading Competition

To start, register via the Trading Competition page with your unique nickname at any time during the competition period — and start trading. 

We’ll count your trading volume and the number of transactions each day. We’ll also take your place on the Leaderboard into account, and how trading volume has changed compared to the previous day. There are several ways to become a top winner. More details on that below. 

 

Prizes

Depending on the total cumulative points, all participants will be divided into groups. Group 1 will consist of three traders with the highest total points and rewards:

  • First place – $5,000
  • Second place – $4,000
  • Third place – $3,000

All other groups (starting with Group 2) will consist of ten traders. We will award the following prizes to the best trader in each group:

  • Group 2 – $2,000
  • Group 3 – $1,000
  • Group 4 – $900
  • Group 5 – $800
  • Group 6 – $700
  • Group 7 – $600
  • Group 8 – $500
  • Group 9 – $400
  • Group 10 – $300

To make the competition a little more interesting for everyone, we’ll reward random participants with such prizes:

  • 1 participant – $1000
  • 2x – $500
  • 5x – $200
  • 15x – $100
  • 30x – $50

What do you mean by “groups”?

They mean more chances to win. Besides the prizes for the first, second, and third place finishers in Group 1, we’ll award prizes to the top traders in each of the other groups (first place in Group 2, first place in Group 3, and so on). 

We’ll form the groups depending on the total points earned by each participant. 

The participant with the highest number of points will win the main prize. 

The top traders in Groups 2 through 10 will still be eligible to win the prizes listed in the chart above.

How do I collect points?

So, you’ve registered for our Trading Competition on CEX.IO. What next? 

Start trading consistently. Every day, you’ll earn points for your activity and progress. We’ll show all participants’ daily and cumulative points on the Leaderboard. Here are the activities we’ll track: 

  • Turnover rate
  • Number of transactions 
  • Turnover growth compared to the previous day
  • Leaderboard position growth
  • Number of markets traded

You’ll be able to see your points and positions on both the Daily and Cumulative Rankings tabs:

 

How do you calculate points?

Let’s look at some examples of how we’ll tally your points. 

Daily points:

Turnover rate

On the first day of the Trading Competition, all participants generated some trading volume and activity. Let’s say you made $100 turnover yesterday. Today, you’ve made $200 turnover. Your total turnover is $300. Your average daily turnover is $150. Your growth is:

$200-$150/$150*100% = 33%. 

The maximum number of points per activity = 40. So the best trader earns 40, the next one – 39, then 38, and so on. The 40th trader receives 1 point, the 41st gets 0.50 points (½). 42nd — 0.33 points (⅓), and so on.

Leaderboard place change (position growth)

Let’s say, yesterday you were in 10th place on the daily Leaderboard. Today, you’re in eighth place. You’re up two places. By this parameter (position growth), you are in second place. This is why you receive 39 points.

Number of markets

Let’s say you traded 20 pairs. By this parameter, you are in third place. This is why you get 38 points.

It works the same way for the trading volume and the number of transactions. But the leaders there might be different entrants. 

To receive the total sum of your daily points, just add the points for all five parameters together.

Trading volume points + number of transaction  + position growth + turnover rate + number of markets traded = total daily points 

Cumulative points: 

Imagine that on Day 1 you earned 33 points for volume, 34 points for trades, 39 points for Leaderboard position growth, 40 points for turnover rate, and 38 points for the number of the markets traded. 

Your total daily points are: 33 + 34 + 39 + 40 + 38 = 184 out of a possible 200. 

On Day 2, you got 27 points for volume, 29 points for trades, 13 points for Leaderboard position growth, 31 points for turnover rate, and 19 points for the number of the markets traded. You received 119 points for the day.

Your total cumulative points after two Competition days will be a sum of the points for Day 1 and Day 2: 184 + 119 = 303.

[Total daily points on Day 1]+[Total daily points on Day 2]+…+ [Total daily points on Day 14] = 

Total cumulative points

Every trading day, you start with 0 points. If you don’t trade during a day, you end up with 0 points, and your total ranking in the Leaderboard is lowered. 

So trade consistently to move up on the Leaderboard, and win prizes!

 

One important note: only orders placed during the Trading Competition period are calculated on the Leaderboard.

How to participate in the Competition 

  1. Register on the Trading Competition page
  2. Trade on CEX.IO 
  3. Track your results on the Leaderboard 

We’ll update the daily and cumulative participant scores every day at 23:59 UTC. The leader may shuffle based on their activity or consistency, so watch out for traders closing in on you! 

Keep trading every day to increase your chances of winning.

Note the rules

  1. The Competition runs from February 7 to February 20, 2022.*
  2. To qualify for prizes, you need to register with your nickname on the Trading Competition page.
  3. Only orders placed during the Trading Competition period (February 7 to February 20, 2022) are calculated against the total score. 
  4. You can trade ALL available pairs on CEX.IO.
  5. We’ll announce winners on our social media pages and Telegram by February 28, 2021.
  6. The winners will receive prizes in their CEX.IO wallets within 14 business days after the announcement.
  7. Competition is available only to residents of countries where CEX.IO operates. See the list of the supported countries here.  
  8. CEX.IO may disqualify participants that are deemed to be illegally bulk registered and/or verified accounts. CEX.IO may do so without explanation.