Coinone Holds 'Relay Trading King Ranking Competition' for Three Types of Stablecoins

Coinone, a South Korean cryptocurrency exchange, announced on the 4th that it will be holding a Trading King Ranking Competition event for three types of stablecoins (USDS・USDC・USDT).

The Relay Trading King Ranking Competition is an event where participants compete against each other for trading volume in each asset category, with large prize money at stake. The USDS Trading King Ranking Competition will be held from 10 a.m. today until the 8th. To participate, users must register the event code (2507USDS) during the period and trade USDS. Rankings can be checked in real time on the Coinone Ranking Board. At the end of the competition, a total of 2,000 USDT will be distributed in varying amounts to the top 100 traders by transaction volume. Subsequent ranking competitions for USDC and USDT will also be held sequentially.

For the two trading pairs, USDS and USDC, reduced trading fees are also being offered. Until further notice, the maker fee for USDS and USDC pairs will be 0% and the taker fee will be 0.1%. For Open API trading, which cannot participate in the Trading King Ranking Competition, a maker fee of 0% and a taker fee of 0.02% will be applied. For transactions made through external services or partner integrations, or for automatic trades made with Coinone Smart Trading, the regular fee rate of 0.2% will remain unchanged.

A Coinone marketing representative stated, "As interest in stablecoins has been increasing recently, we planned this event to provide an opportunity for users to become more familiar with various stablecoins through trading experience," adding, "Take advantage of both the benefits of participating in the relay ranking competition and the exceptional trading fee reductions."