Kraken Launches Lunar Trading Championship with 88,888 USDT Prize Pool
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Championship Launch: Kraken has announced the Lunar Trading Championship starting on February 3, 2025, featuring a prize pool of up to 88,888 USDT, aimed at attracting top traders globally and enhancing trading activity.
- Increased Market Competition: The championship will reward traders based on their percentage profit and loss (PnL%), requiring a minimum trading volume of $10,000 to participate, thereby fostering market competition and improving liquidity.
- Focus on Futures Markets: The event specifically highlights NIGHT/USD perpetual futures, reflecting Kraken's strategic emphasis on futures trading, which may influence participation and trading dynamics in this market.
- Regulatory Compliance Assurance: With regulatory approval from the Bermuda Monetary Authority, Kraken's championship design aims to promote a competitive trading environment, and historical trends indicate that similar events can significantly boost trading volumes and market awareness.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
