Cryptocurrency Exchange Bulsh announced details for a commercial competition which will take place in the third quarter of this year.
The total price for the competition is $ 14 million, with $ 10 million for the winner and the remaining swimming pool distributed in the first, second and regional winners.
Unlike the commercial competitions of the past set up by Bybit and Bitmex, which targets retail traders, the raised competition is aimed at professional traders, and they will be judged on a range of factors, including profit and risk measures.
These factors will be judged by veterans in the Annamite Capital industry, Nine Blocks Capital, Nickel Digital and Algoquant. The finalists may be invited to present their negotiation strategies to the judges before the end of the event.
Competition occurs at a time when the cryptocurrency industry is experiencing its greatest wave of institutional adoption to date, which has been reinforced by public enterprises that flock to add Bitcoin
to their respective assessments.
Commercial activity has also reflected this change, with CME adjustment records earlier this year in terms of volume and open interest. A report on the Coindesk indices in April also suggested that the institutions led the domination of Bitcoin earlier this year.
Warning: Bullish and Coindesk both belong to Block.one.
