OKX and TradingView have launched a $1 million trading competition, "Million Race x2," featuring prizes for cryptocurrency and stock traders.
OKX has partnered with TradingView to launch a trading contest dubbed "Million Race x2," which commenced on September 1 and boasts a prize pool exceeding 1 million USDT. The competition features two separate categories: one for cryptocurrency trading across spot and derivatives markets, and another for trading tokenized stocks and related perpetual futures.
Registration will close on September 30, allowing participants to compete in both categories and be eligible for prizes from both prize pools. To enter, traders must complete identity verification (KYC) and maintain a minimum balance of 100 USDT while meeting trading volume requirements—1 million USDT for the cryptocurrency category or 100,000 USDT for the stock category. Participants who fail to meet these benchmarks will be disqualified from the rankings.
Prize Distribution Details
In the cryptocurrency category, a total of 900,000 USDT will be awarded to the top 50 traders. The top prize consists of 30% of the fund, potentially reaching 270,000 USDT, while subsequent placements receive diminishing percentages. The bonuses will be applied to trading margins and can cover fees, funding rates, and losses before utilizing the trader's own capital.
For the stock category, an additional 100,000 USDT will be allocated among the top 10 traders, distributed in tokenized stocks of major companies like NVIDIA, Apple, and Tesla. The prizes range from 25,000 USDT for the first place to lower amounts for subsequent ranks.
Incentives for Participation
Participants who link their OKX account with TradingView and execute a trade through its platform will also receive 10 USDT, limited to the first 500 individuals. Additionally, the top performers in both categories will share 50 TradingView subscriptions, including annual and monthly options.
To enhance engagement, the leading traders will also receive invitations to an exclusive OKX event, with specifics on the date and location forthcoming.
Unlocking Prize Pool Based on Trading Volume
The full 1 million USDT prize pool is contingent on trading volumes. For instance, reaching a total trading volume of 1 billion USDT will unlock 50,000 USDT, while 10 billion will release 500,000 USDT. All funds become accessible when the cumulative trading volume hits 20 billion USDT.
This contest follows the recent first season of the race held during summer, which also featured a 1 million USDT prize pool and included rewards like access to the Formula 1 Grand Prix in Baku for top traders.
