Coinbase streams $150,000 Singapore trading cup and crowns its first champion
Summary
Coinbase staged an esports-style perpetual-futures trading competition in Singapore on Oct. 8, with 10 traders competing for a $150,000 prize. The company livestreamed the event, displayed contestants’ profit and loss, and posted updates as traders changed places on the leaderboard. Viewers in eligible regions could vote through Coinbase’s app; votes for the winning trader entered a random prize drawing. The promotion was free, and trading or spending did not improve a viewer’s odds. Participation was subject to age, location and, in some markets, onboarding requirements.
