VALR Perps Trading Competition: Trade the Universe
Trade Perps and compete for a share of up to 100,000 USDC in each round.
From 21 July to 18 December 2026, VALR is running a Perps Trading Competition, in three separate rounds. The more traders who join the competition, the more traders get rewarded and the bigger the reward pool. Final winners are randomly selected at the end of each round and each receives an equal amount of USDC.
In order to participate, you do not need to register. Simply trade across any of the 200+ Perps markets on VALR. Once you’ve reached the required minimum trading volume of $25,000 in a round, you’re eligible for rewards for that round.
Live Reward Table
(Round 2)
Current reward pool: 250 USDC
Reward per selected trader: 10 USDC
Current number of eligible traders*: 39
| Tier | Number of eligible traders | Reward pool (USDC) | Number of traders randomly rewarded | Reward per trader (USDC) |
|---|---|---|---|---|
| 1 | 1-49 | 250 USDC | 25 | 10 USDC |
| 2 | 50-99 | 750 USDC | 30 | 25 USDC |
| 3 | 100-499 | 2,000 USDC | 40 | 50 USDC |
| 4 | 500-999 | 6,000 USDC | 80 | 75 USDC |
| 5 | 1,000-1,999 | 10,000 USDC | 100 | 100 USDC |
| 6 | 2,000-2,999 | 20,000 USDC | 160 | 125 USDC |
| 7 | 3,000-3,999 | 30,000 USDC | 200 | 150 USDC |
| 8 | 4,000-4,999 | 40,000 USDC | 250 | 160 USDC |
| 9 | 5,000-9,999 | 51,000 USDC | 300 | 170 USDC |
| 10 | 10,000+ | 100,000 USDC | 500 | 200 USDC |
This table was last updated on 30 August, 2026.
*Eligible traders are traders who have traded at least $25,000 in cumulative Perps volume during the applicable round.
How to get started
Log in or create your VALR account.
Complete full account verification (KYC2).
Navigate to Perps on the VALR mobile app or website.
Complete the required onboarding and risk acknowledgement steps.
For more details, check out our Technical Guide.
Please note: Every eligible trade during a round counts toward your volume count and eligibility for that round. Cancelled, reversed, or disqualified trades do not count.
Markets available on VALR Perps
VALR Perps provide access to one of the broadest selections of markets available in one place. Trade across these categories with deep liquidity and 24/7 access:
| Global equities: NVIDIA, Tesla, Apple, Amazon, Microsoft, Meta, Palantir, SpaceX, and many more | Stock indices: S&P 500, Nasdaq-100 and other leading international benchmarks |
| Commodities: Brent Crude, WTI Crude Oil, Natural Gas, Copper, and Palladium | Precious metals: Gold, Silver, and Platinum |
| Foreign exchange: EUR/USD, GBP/USD, USD/JPY and other major currency pairs | Crypto assets: A wide range of cryptocurrencies including Bitcoin, Solana, and Hyperliquid |
Frequently Asked Questions (FAQ)
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Perps on VALR give you a straightforward way to express your view on a wide range of markets. Our simple trading interface lets you trade on whether prices will rise or fall, with no expiry dates and direct access from your VALR account.
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The competition is open to all fully-verified VALR users. To be eligible for any reward, Participants must achieve a minimum cumulative trading volume of $25,000 during each round in which they wish to be considered for a reward.
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No separate registration is required. Simply complete your KYC2 verification, finish the Perps onboarding process, and start trading Perps on VALR.
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The Competition features a dynamic, tiered reward system. The total reward pool and the number of winners are separately for each round determined by the number of eligible traders who meet the minimum trade volume requirements during that round, as specified in the tiered table below. Only executed trades during that round will count. Cancelled, reversed, voided, test, internal, fraudulent or otherwise disqualified trades will not count.
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Rewards will be credited to winners in USDC within 7 business days after the end of each round.
Promotion Ts & Cs (“Rules”):
This promotional campaign (“Competition”) is run by VALR (Pty) Ltd and VALR DAM (Pty) Ltd (collectively, “VALR”).
This Competition may be used in conjunction with any other competition or promotion run by VALR, except where the terms of such other competition or promotion prohibit or exclude participation in, or winning under this current Competition.
Participation in this Competition constitutes acceptance of these Rules, VALR’s Terms of Service, Futures Terms of Service, applicable Risk Disclosures and any Simple Perps-specific terms, disclosures or product rules published by VALR from time to time.
This Competition is available to all qualifying new and existing customers on VALR with a fully verified account (“Participants”). Participants must also satisfy any product access requirements applicable to Simple Perps, including any risk acknowledgement, onboarding process, knowledge assessment or questionnaire required by VALR.
The Competition period (“Competition Period”) begins at 00:00 am UTC on 21 July 2026 and ends at 23:59 pm UTC on 18 December 2026 (“closing date”).
The Competition is divided into three rounds:
Round 1: Begins at 00:00 am UTC on 21 July 2026 and ends at 23:59 pm UTC on 18 August 2026.
Round 2: Begins at 00:00 am UTC on 19 August 2026 and ends at 23:59 pm UTC on 18 October 2026.
Round 3: Begins at 00:00 am UTC on 19 October 2026 and ends at 23:59 pm UTC on 18 December 2026.
Each Round operates as a separate competition for the purposes of eligibility, the calculation of cumulative trading volume, winner selection and reward allocation. A Participant’s cumulative trading volume is calculated separately for each Round, resets to zero at the start of each Round, and does not accumulate or carry over between Rounds.
The reward tiers, reward pool, number of winners and reward per winner set out under “Reward Tiers” below apply separately to each Round, and up to 100,000 USDC is available in each Round. The reward tier assessment resets at the start of each Round, and the Tier applicable to a Round is determined at the end of that Round by reference to the number of eligible Participants in that Round only. Any portion of a reward pool that is not distributed in a Round does not carry over to any subsequent Round.
A Participant who satisfies the eligibility criteria in more than one Round is eligible to be selected as a winner in each such Round. Eligibility and winner selection are assessed separately in each Round, and having been selected as a winner in one Round neither entitles a Participant to, nor excludes a Participant from, selection in any other Round.
There is no need to register for this Competition.
To be eligible for any reward, Participants must achieve a minimum cumulative trading volume of $25,000 during a round within the Competition Period.
Rewards will be automatically credited into the winners’ VALR account within seven (7) South African business days after a round has ended, in respect of the rewards for that round, with the user alias of the winners for that round displayed on the designated web page. Winners may also be highlighted in marketing emails such as newsletters and on VALR’s social media pages.
VALR reserves the right to disqualify any Participant and/or revoke rewards where it reasonably suspects or determines:
fraudulent activity;
multiple or fake account registrations;
misuse of identity verification (KYC);
market manipulation, including wash trading or self-dealing;
abuse of the Competition mechanics;
breach of these Rules, VALR policies, or applicable laws; or
any other conduct which VALR determines to be inconsistent with the purpose, integrity or fair operation of the Competition.
Rewards will be distributed in USDC unless otherwise stated in the relevant Competition announcement.
VALR reserves the right to disqualify any Participant for any other reason it deems appropriate in its sole discretion.
VALR is not responsible for any lost, delayed, misdirected, incomplete, or corrupted entries, transactions, or rewards due to system, network, or technical failures.
VALR may, in its sole and absolute discretion, determine all matters relating to this Competition, including eligibility, rewards, and winner selection. All decisions are final and binding.
Any table listing eligible traders displayed during the Competition, if applicable, is indicative only and may be delayed, incomplete or subject to correction. Where such a table is displayed, it reflects eligibility in the then-current round only. Winners will be randomly selected. Final winner selection and reward allocation will be confirmed by VALR after the end of each round.
VALR reserves the right to correct any calculation, display, system-generated or obvious error relating to trading volume, cumulative trading volume, eligibility, winner selection or reward distribution.
These Rules, as amended, take effect at 00:00 am UTC on 19 August 2026 and apply for the remainder of the Competition Period. The amendments do not affect any cumulative trading volume already accrued by a Participant before that date, which continues to count towards that Participant’s eligibility in Round 1.
How to enter:
To be considered for a reward, Participants must, during each round in the Competition Period in which they wish to be considered for a reward:
Complete any onboarding, compliance checks, risk acknowledgements, knowledge assessments, questionnaires or other product access requirements required by VALR.
Trade on eligible Perps trading pairs during that round. Only executed trades during a specific round within the Competition Period will count. Cancelled, reversed, voided, test, internal, fraudulent or otherwise disqualified trades will not count.
Reward specifics:
The Competition features a dynamic, tiered reward system. The total reward pool and the number of winners are determined by the number of eligible traders who meet the minimum trade volume requirements during a round within the Competition Period, as specified in the tiered table below.
Participants who meet the required minimum trading volume are entered into the draw.
Only trading volume generated during a round within the Competition Period and on eligible Perps trading pairs will be counted. Cancelled, reversed, voided, test, internal, fraudulent or otherwise disqualified trades will not count.
Final eligibility will be determined by VALR after applying any exclusions, corrections and disqualifications.
Rewards are not guaranteed and may amount to zero.
All randomly selected winners in a round will each receive the “Reward per trader” amount specified for the Tier applicable to that round.
Where the number of eligible Participants in a Round is less than the number of traders to be randomly rewarded for the applicable Tier, every eligible Participant in that Round will be selected as a winner and will each receive the “Reward per trader” amount for that Tier. The balance of the reward pool for that Tier will not be distributed and will not carry over to any subsequent Round.
Reward Tiers:
| Tier | Number of eligible traders | Reward pool (USDC) | Number of traders randomly rewarded | Reward per trader (USDC) |
|---|---|---|---|---|
| 1 | 1-49 | 250 USDC | 25 | 10 USDC |
| 2 | 50-99 | 750 USDC | 30 | 25 USDC |
| 3 | 100-499 | 2,000 USDC | 40 | 50 USDC |
| 4 | 500-999 | 6,000 USDC | 80 | 75 USDC |
| 5 | 1,000-1,999 | 10,000 USDC | 100 | 100 USDC |
| 6 | 2,000-2,999 | 20,000 USDC | 160 | 125 USDC |
| 7 | 3,000-3,999 | 30,000 USDC | 200 | 150 USDC |
| 8 | 4,000-4,999 | 40,000 USDC | 250 | 160 USDC |
| 9 | 5,000-9,999 | 51,000 USDC | 300 | 170 USDC |
| 10 | 10,000+ | 100,000 USDC | 500 | 200 USDC |
Personal information:
Any personal information provided to VALR by a Participant for purposes of this Competition will be treated in accordance with VALR’s Privacy Policy.
The nitty gritty:
1. The Competition is open to all VALR customers, except VALR’s directors, partners, employees, contractors, agents, consultants and their immediate families, any designated market makers as well as any persons resident in VALR’s list of prohibited countries.
2. Participation in the Competition by all Participants constitutes acceptance of these Rules, VALR’s Terms of Service, VALR’s Futures Terms of Service and Risk Disclosures. By entering the Competition, you represent and warrant that you meet the eligibility criteria and you agree to accept that VALR may make decisions relating to this Competition in its sole and absolute discretion. Any decision made by VALR in terms of these Rules and the Competition is final and binding, including but not limited to any decisions regarding rewards, the reward pool, reward calculations and reward payouts. Any Participants found violating this clause will be removed from the Competition and VALR may freeze or block such Participant's VALR account.
3. For the purposes of this Competition, each day will be considered to run from 00:00 - 23:59 UTC.
4. VALR reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary the Rules and the Competition without prior notice, including but not limited to cancelling, extending, terminating or suspending the Competition, any round, the Rules, the rewards, the reward parameters, the reward pool, the eligibility terms and criteria, the selection and/or number of rewards or winners, or the number, duration or sequence of rounds.
5. VALR reserves the right, in its sole and absolute discretion, to disqualify any Participants from participating in the Competition, suspend their accounts, revoke all associated rewards, and/or disqualify specific trades:
5.1. Where VALR finds the Participant to be party to any anticipated, suspected or actual:
Fraud;
Fraudulent registration, including providing false identity verification (KYC) information, using others’ KYC details, or registering multiple accounts;
Inappropriate, dishonest or abusive activities, including but not limited to click farming, device farming, or using malicious tools for fraudulent purposes;
Use of fake or fraudulent accounts;
Manipulation or violation of these Rules, VALR’s rules, VALR’s policies, campaign terms, conditions or announcements (as updated from time to time); or
Market manipulation, self-dealing, wash trading, laundering trades or illegally bulk registered accounts; or
Breach of local regulatory requirements; or
Any other activities with the intent or result of abusing, disrupting, or undermining the legitimate operation of the Competition, as determined by VALR.
5.2. For any other reason as determined by VALR in its sole and absolute discretion.
6. If you are selected as a reward winner, you agree and consent to VALR publishing your name, your VALR reference number / tag and/or social media handle on VALR’s social media pages, and VALR may make media announcements, publications of names, photographs of any reward winner(s), provided that any reward winner(s) may expressly elect to decline this.
7. VALR will announce on its social media pages when each round has ended and when the Competition has ended. No further rewards will be awarded in respect of a round once VALR has made such an announcement in respect of that round. Participants should visit VALR’s social media pages regularly for updates.
8. These Rules will be governed by and interpreted in accordance with South African law and any disputes arising from the Competition will be subject to the exclusive jurisdiction of the courts of South Africa.
9. In the event of any conflict or inconsistency between these Rules and any marketing, promotional, social media, in-app, email, leaderboard or other communications relating to the Competition, these Rules will prevail.
10. VALR will not be responsible for any failure, delay, error, interruption, malfunction or unavailability of the VALR platform, any network, system, blockchain, third-party service provider, decentralised protocol, smart contract, market data source or other technology used in connection with the Competition, including where such issue affects a Participant's ability to enter, trade, qualify for, receive or use a reward.
11. Before any reward is distributed, VALR may require a potential winner to verify their identity, account status, eligibility, compliance with these Rules and compliance with VALR's Terms of Service, VALR’s Futures Terms of Service, Risk Disclosures, KYC, AML, sanctions and internal risk requirements. If a potential winner fails to satisfy VALR's verification checks, is unreachable, does not respond within a reasonable time, has a restricted, suspended, closed or non-compliant VALR account, or is otherwise found to be ineligible, VALR may disqualify that potential winner and may, where applicable, select an alternative winner or reallocate, withhold or cancel the relevant reward.
12. Participants are solely responsible for any taxes, duties, charges, levies or other amounts that may become payable as a result of receiving, holding, disposing of or otherwise dealing with any reward. VALR does not provide tax advice and Participants should obtain their own independent tax advice where necessary.
13. Rewards are non-transferable, non-exchangeable and may not be sold, bartered, gifted or substituted, except at VALR’s sole and absolute discretion. VALR reserves the right to substitute a reward of equal or greater value if necessary.
14. Nothing in these Rules should be interpreted as a recommendation or instruction to buy, sell, hold, open, close or refrain from closing any Perps position, crypto asset, derivative or other product. Participants remain solely responsible for their own trading and investment decisions.
15. When calculating raw trading volume and cumulative trading volume, VALR may exclude any trades that are cancelled, reversed, voided, duplicated, executed by market makers or excluded accounts, generated through test/internal activity, affected by pricing, calculation, technical or system errors, or otherwise considered abusive, manipulative, non-bona fide or inconsistent with the purpose of the Competition.
16. Participants may incur trading fees, funding, spreads, liquidation losses and other costs or losses by participating in the Competition. Any reward may be lower than the fees, costs or losses incurred by a Participant.
Disclosure: Futures trading is provided by VALR DAM Pty Ltd, a licensed Financial Services Provider (FSP #54897) and Over-the-Counter Derivatives Provider.
Use of the Simple Perps product involves risk; always verify information and refer to VALR’s Risk Disclosures & Futures Terms of Service.
VALR (Pty) Ltd is a licensed financial services provider (FSP #53308).
Waiver
The Participant hereby releases, waives and discharges VALR and its affiliates from any and all liability, costs or expenses, claims, demands, actions and causes of action whatsoever for any loss or damages, that may be sustained by the Participant arising out of or relating to the Participant’s participation in the Competition, or while in any way engaged with activities related to the Competition, wherever, whenever, or however the same may occur, regardless of who is at fault and including as a result of the negligence or fault of VALR or its affiliates. This includes, without limitation, any loss or damage arising from trading decisions, market movements, liquidation, order execution, technical or system issues, third-party or decentralised protocol failures, reliance on any leaderboard or marketing material, or any delay, error or failure in reward calculation or distribution.
Disclaimer
The Competition and its content should not be construed as investment advice or an offer or an invitation to make an offer, to buy or sell crypto assets, or an inducement to enter into any agreement or commitment with VALR or any of its affiliates in respect of any products or services for any persons, including those who are prohibited from receiving such content under the laws applicable to their place of citizenship, domicile, or residence.
The Competition is intended only to reward eligible trading activity and should not be understood as encouraging Participants to trade Perps, to use leverage or to trade in volumes beyond their own risk appetite, experience and financial resources.
VALR and its affiliates give no warranty, express or implied, including with respect to the fitness for a particular purpose of any information provided, or assume any legal liability or responsibility for the accuracy, completeness or usefulness of any information, product, practice, service or process presented, or represent that its use would not infringe any rights. VALR gives no warranty in relation to the availability, performance, security, liquidity or functionality of any Simple Perps pair, third-party execution venue, decentralised protocol, smart contract, liquidity providers, market data source or related service used in connection with Simple Perps or the Competition. VALR accepts no responsibility for, and shall have no liability in respect of, any loss or damage, whether direct, indirect or consequential, which may arise from reliance on or in connection with, the information presented herein.
The Competition content contained herein does not constitute investment or financial advice (or any advice whatsoever), should not be used as the basis for any investment or financial decisions, and does not purport to provide any legal, tax, or accounting advice.
All VALR's rights are expressly reserved.
