Cryptocurrency exchange OKX has opened registration for its trading competition "Race to a Million". Participants will share up to 1 million USDT in trading bonuses, and top traders will win tickets to the Formula 1 Grand Prix in Baku along with McLaren merchandise, according to the campaign page.

Registration is open until June 28, 2026. The trading period will run from June 8 to July 6. All verified OKX users can participate in the competition.

To register, users must click the "Join" button. To be eligible for a prize, participants must have at least 100 USDT in their balance at the start of the competition.

The ranking will be based on individual trading volume in spot and/or derivatives. The prize pool will be unlocked as the total trading volume of participants increases and can reach up to 1 million USDT.

Source: OKX.

Prize Distribution

The top 10 traders will receive 83% of the prize pool:

  • 1st place — 30% (up to 300,000 USDT);
  • 2nd place — 20% (up to 200,000 USDT);
  • 3rd place — 10% (up to 100,000 USDT);
  • 4th place — 5% (up to 50,000 USDT);
  • 5th to 10th places — 3% each (up to 30,000 USDT per participant).

Traders ranked 11th to 100th will share the remaining 17%. To qualify for a reward, a participant's trading volume must account for a certain percentage of the total volume: from 15% for the first place to 0.05% for positions 51–100.

Additional Prizes

In addition to trading bonuses, top traders will receive tickets to the Formula 1 Grand Prix in Azerbaijan.

Five annual TradingView Premium subscriptions will be raffled among the top 100 participants.

All traders with a minimum trading volume of 10,000 USDT will be eligible to participate in a YouTube giveaway for one-day tickets to the Formula 1 and McLaren merchandise sets.

Users with trading volumes of $2.5 million in derivatives or $500,000 in spot will receive VIP+1 status.

Awards will be distributed within 15 business days after the tournament ends. Trading bonuses can be used as margin to cover expenses, including fees and realized losses.

Previously, OKX launched a Mastercard with cashback of up to 5% and an annual yield of up to 10% on balance.