Cryptocurrency exchange Bitget has introduced a warm-up challenge called "Battle of Longs and Shorts" with a prize pool of $75,000 in Bitcoin and USDT. This competition will run from August 25 to September 9, 2026.

This challenge serves as a precursor to the annual King's Cup Global Invitational (KCGI) 2026, which boasts a total prize pool of $3 million. Participants are required to select a team (Long or Short) and trade futures in their chosen direction, with the team's total trading volume being the basis for scoring. The team with the higher volume will share $20,000 in BTC, while the losing side will receive a portion of $10,000 in BTC.

"The warm-up challenge allows participants to test their strategies, connect with like-minded individuals, and compete for real rewards before the main tournament begins," Bitget representatives stated.

Prize Distribution

In the winning team, rewards will depend on individual trading volumes:

  • 1st place — $1,500 in BTC;
  • 2nd place — $1,200 in BTC;
  • 3rd place — $750 in BTC;
  • 4th to 10th places — $150 in BTC each;
  • Other participants — a share of $15,500 in BTC.

Only traders with a trading volume of at least 1 million USDT will qualify for the top ten. A minimum of 100,000 USDT is required to receive a share of the overall pool.

The losing team will distribute their $10,000 based on trading volumes, with a maximum of $100 per individual. The exchange will not process payments below $10 in BTC.

VIP Status Bonus

Bitget has set aside a separate pool of $45,000 for users who elevate their VIP status and maintain it for at least ten days. The reward amount increases with the VIP level. For transitioning from a regular account to VIP 1, a participant will receive a trading bonus of 100 USDT, while maintaining VIP 7 will yield $1,500 in BTC.

Source: Bitget.

There are limited spots available at each level: 100 bonuses for newcomers reaching VIP 1, and five rewards for the top two levels. The final Bitget status will be recorded on September 10 at 06:00 (Kyiv/MSK), and winners will be notified via email.

Participation Requirements

To join the competition, participants must click the button on the competition page and complete identity verification; otherwise, trading volumes will not be counted. Eligible contracts include USDT-M, USDC-M, and Coin-M perpetual contracts, excluding the USDC/USDT pair and CFDs.

The leaderboard updates every 15 minutes, displaying the top 20 trading volumes in real time. Complete rules and prize tables are available on the challenge page.

Previously, Bitget launched a promotion for new users from the CIS and Ukraine, offering rewards of up to $520 in Bitcoin and USDT.