Phemex IV Set To Begin With $750,000 Up For Grabs

Phemex has come back with its popular Phemex Trader’s Arena trading competition. The previous 2020 edition of the competition saw traders win over 100 Bitcoin. The fourth edition of the anticipated trading competition promises to be exciting with massive rewards. This time around, Phemex has upped the stakes. The crypto exchange is calling on all traders to participate for a chance to share in the prize pool of $750,000. Traders will battle each other and victorious traders will be rewarded at the end of the competition. Traders can compete in Phemex IV as individual traders or as part of a team. Prizes will be awarded to the victors in two categories: individual and teams. Changing The Rules, Not The Game Previously, Phemex had only counted inverse BTCUSD contract trades towards the final total for each trader. However, the 2021 edition of the competition comes with a few tweaks to allow for more participation. Phemex has announced that for Phemex IV, all contracts available on the platform will be counted. ROI on both USD and BTC trading will count towards the final total. The contract with the highest amount at the end of the competition will be counted for the individual. Phemex will calculate individual results using PnL across BTC and USD trading accounts. Users with the highest ROI at the end of the allocated time period will emerge as winners of the competition. How To Participate Traders can sign up for the Phemex IV ...