Key facts
- Bitget has launched the UEX Futures League, a trading competition.
- The league combines cryptocurrency trading with traditional markets like commodities, indices, and forex.
- It features two phases: Crypto Futures (June) and CFDs (July).
- Each phase offers a 120,000 USDT prize pool.
- Top teams will advance to the UEX Global Alpha Tournament.
Crypto exchange Bitget has introduced the UEX Futures League, a new trading competition designed to bridge cryptocurrencies with traditional financial markets. This initiative allows participants to compete in a single trading account that encompasses crypto futures and contracts for difference (CFDs), reflecting a diversified trading approach.
The league is structured into two distinct phases over two months. The first phase, focusing on Crypto Futures, will run from June 1 to June 30, followed by the CFDs phase from July 1 to July 31. Each phase boasts a prize pool of 120,000 USDT, with rankings determined by return on investment (ROI) within teams captained by users. The top eight teams from each stage will earn a spot in the invitation-only UEX Global Alpha Tournament.
Bitget CEO Gracy Chen highlighted the social and collaborative aspects of trading, stating, "The UEX Futures League brings those elements together by turning trading into a team experience where users can collaborate and represent their communities." She emphasized the league's role in connecting crypto and traditional markets.
Further plans include inviting 16 global teams to the UEX Global Alpha Tournament, comprising the top three traders from each qualifying team. These finalists will receive an all-expenses-paid trip to compete in real-time trading sessions for the championship title. The UEX Futures League also serves to showcase Bitget's Universal Exchange (UEX) platform, which supports trading across various asset classes. Registration for the league is currently open, and participants will engage in live market competition rather than simulations.