VALR Set to Launch VALR’s Futures Trade Arena: Rewarding Traders Based on ROI and PnL Performance

[PRESS RELEASE – Singapore, Singapore, October 23rd, 2024]

VALR, the Pantera-backed crypto exchange, is proud to announce the launch of VALR’s Futures Trade Arena, a competitive trading hub where traders can vie for weekly and monthly prizes based on their Return on Investment (ROI) and Profit and Loss (PnL) performance. This new initiative, which runs from October 1, 2024, until at least April 30, 2025, levels the playing field by rewarding performance, not just trade size.

The Futures Trade Arena offers up to 120,000 USDT in prizes each month, with prize distribution adjusted by the number of eligible participants. Monthly prizes range from 2,000 USDT to 10,000 USDT for the top traders by ROI and PnL, while weekly prizes range from 25 USDT to 2,880 USDT for the top 10 traders in each category

To be eligible for the Futures Trade Arena, traders must have cumulatively traded at least $2,000 in Futures on any of VALR’s Futures pairs during the 14 days before the start of a Weekly Competition Round. Once the $2,000 trading threshold is met, traders are automatically entered into the next Weekly Competition Round and the corresponding Monthly Competition Round of the same month. This structure ensures that traders of various skill levels can compete, regardless of when they meet the eligibility criteria, and ensures fair competition for rewards based on performance.

Each Monthly Competition Round consists of four consecutive Weekly Rounds. Prizes are awarded for top performers in both ROI percentage terms and absolute USDT-denominated PnL, providing multiple ways for traders to excel. The competition is open to all new and existing fully KYC-verified VALR customers, excluding VALR employees, contractors, and residents of prohibited countries.

This new offering from VALR is designed to allow traders of all sizes and backgrounds to showcase their trading skills, without being overshadowed by those making larger trades. The Futures Trade Arena focuses on rewarding smart, effective trading strategies, with performance-based prizes that create opportunities for all participants.

Ben Caselin, Chief Marketing Officer of VALR, commented on the launch: “The Futures Trade Arena is a game-changer. We’re not just focusing on volume but on rewarding real trading performance. This initiative truly levels the playing field, allowing both professional and retail traders to compete on strategy, not just trade size. It’s all part of our ongoing commitment to building VALR as a global brand that prioritizes fairness and opportunity for all.”

About VALR’s Grand Slam and Futures

The Futures Trade Arena complements VALR’s Grand Slam of Trading Competitions, a global futures trading program that launched in May 2024. The Grand Slam features one of the world’s largest prize pools, with up to 60 million USDT available across a 12-month period. It automatically includes all users trading Perpetual Futures on VALR, with monthly prize pools ranging from 33,000 to 5 million USDT, depending on the total trading volume for the month.

The Grand Slam is designed to attract both professional and retail traders, allowing all participants to benefit from the platform’s growth. This global initiative has garnered significant interest from some of the largest trading firms and highlights VALR’s continued commitment to expanding its footprint in the global crypto space.

About VALR

Founded in 2018, VALR is the largest crypto exchange in Africa by trade volume, serving over 1,100 corporate and institutional clients and more than 950,000 users globally. Headquartered in Johannesburg, VALR is licensed by the Financial Sector Conduct Authority (FSCA) in South Africa and has approvals to offer services in Europe and initial approval from Dubai’s VARA. VALR has raised $55 million in funding from top investors, including Pantera Capital, Coinbase Ventures, GSR, and Avon Ventures, an affiliate of Fidelity Investments.

VALR distinguishes itself through its customer-first philosophy, offering secure, transparent, and innovative solutions for both professional and retail traders. As a leader in the African crypto market, VALR connects global markets, leveraging opportunities in Africa, Asia, Europe, and the world. For more information, visit valr.com.