VALR Launches Global Futures Trading Programme
This post is an adaption of an article originally published on Chainbits.
VALR's global futures trading programme, the Grand Slam of Trading Competitions, will feature the world’s largest prize pool of its kind with up to 60 million USDT, strengthening VALR’s position as the exchange competes with the likes of Binance and ByBit. Starting in May and running for twelve consecutive months, the program is set to attract both professional and retail traders and has already garnered significant interest among some of the largest trading firms.
VALR’s Grand Slam of Trading Competitions will automatically include all users who trade Perpetual Futures on VALR, with monthly prize pools ranging from 30,000 to 5 million USDT depending on the total trading volume for the month across all futures pairs. This structure ensures that traders contribute to and benefit from the platform’s growth, enhancing liquidity and market dynamism.
In addition to the main reward pool, VALR is introducing monthly futures trading competitions with more than 1 million USDT in prizes tiered by participation as opposed to volume, making it easier for all levels of retail traders to stand a chance of winning rewards. This initiative reflects VALR's commitment to providing equal opportunities for traders of all levels to benefit from the platform's offering.
Farzam Ehsani, Co-Founder and CEO of VALR, commented on the launch, stating, "I’m extremely excited about launching the Grand Slam of Trading Competitions on VALR with such a significant prize pool. Some of the largest trading firms in the world have already indicated their support and strong interest in the program, signalling that for both VALR and our growing user base, this initiative is set to be a game-changer.”
“With this program, our goal is to create an environment where everyone has a chance to succeed in winning a share of tens of millions of dollars a year."
Since launching in 2018, VALR has grown into a prominent player in the crypto industry, serving over 1000 corporate and institutional clients and more than half a million retail traders worldwide. Licensed in South Africa by the FSCA, with initial approval from Dubai’s VARA, and approval from Poland’s Ministry of Finance to serve the European Union, VALR has secured $55 million in funding from investors like Pantera Capital, Coinbase Ventures, and Avon Ventures, affiliated with Fidelity Investments.
For more information on the programme, visit:
