Coinbase streams $150,000 Singapore trading cup and crowns its first champion

Coinbase streamed an in-person trading competition from Singapore on Oct. 8, advertising $150,000 for the trader crowned Coinbase Champion and presenting the event as a spectator tournament.The company's Token 2049 Champions Cup page billed the contest as an esports-style perpetual-futures tournament featuring 10 traders and one winner. Its standings tracked the traders' profit and loss in dollars, while the broadcast mixed trading updates with walkouts, jokes and an invitation for viewers to pick a contestant.At 6:54 p.m. UTC, the event page listed Intern first with $4,263.37 in profit and loss. Coinbase CEO Brian Armstrong promoted the contest as it went live, saying that “in an hour” one trader would be crowned Coinbase Champion and win $150,000.Coinbase's announcement described the in-person competition as live, streamed from Singapore.Coinbase's coverage identified several contestants: Ansem (@blknoiz06), @izebel_eth and @intern among its walkout and introduction posts. It also posted updates naming @Goupenguin, @osf_rekt and @insomniacxbt, with @osf_rekt making what the company called a high-energy entrance.Coinbase joked that @Goupenguin was trading while watching cats, then...