Bithumb Hosts '1st Bithumb Trading King' Competition with Increasing Prize Money Based on Trading Volume

Bithumb, a domestic virtual asset (cryptocurrency) exchange, announced on the 7th that it will host the '1st Bithumb Trading King' competition, where the prize money increases based on the trading volume.

This competition accumulates a portion of the user's virtual asset trading volume as prize money, which is then returned to them. The more the accumulated trading volume, the larger the prize money. The competition will run for about two weeks from 11 a.m. today until midnight on the 20th. Participants can join at any time during the competition period through a link in the Bithumb announcements.

The event targets a total of 23 types of virtual assets, including Stacks (STX), Worldcoin (WLD), and Kaia (KAIA). The prize will be awarded to the top 20 individuals based on the cumulative trading volume per virtual asset, with a total of 460 winners. The winners will be announced, and the prizes will be distributed on May 28.

Additionally, an extra reward program will be operated during the competition period, refunding 0.05% of the maker order (limit order) execution amount as points. These points are provided separately from existing membership points and can be awarded up to a maximum of 3 million points per virtual asset. The rewards will be distributed in bulk on June 4.

Kang Doo-sik, Head of Customer Strategy at Bithumb, said, "This Trading King competition was designed to provide substantial rewards to users who actively trade virtual assets and to increase interest in various items," adding, "We will continue to enhance the trading experience and introduce user-friendly events and programs."