Cryptocurrency trade Bullish has introduced particulars for a buying and selling competitors that can happen in Q3 of this 12 months.
The entire prize pool for the competitors is $14 million, with $10 million going to the winner and the remaining pool being unfold throughout first, second and regional winners.
Not like buying and selling competitions of the previous arrange by the likes of Bybit and BitMEX, which focused retail merchants, the Bullish competitors is aimed toward skilled merchants, and they are going to be judged on an array of things, together with revenue and threat metrics.
These components can be judged by business veterans from Annamite Capital, 9 Blocks Capital, Nickel Digital and AlgoQuant. The finalists could also be requested to current their buying and selling methods to the judges earlier than the occasion concludes.
The competitors comes at a time when the cryptocurrency business is experiencing its largest wave of institutional adoption so far, which has been bolstered by public firms flocking so as to add bitcoin
to their respective stability sheets.
Buying and selling exercise has additionally mirrored this shift, with the CME setting data earlier this 12 months by way of quantity and open curiosity. A CoinDesk Indices report in April additionally instructed that establishments had been driving bitcoin dominance earlier this 12 months.
Disclaimer: Bullish and CoinDesk are each owned by block.one.
