Korbit to Hold ‘Year-End Trading King Ranking Competition’ with Total Prize Pool of 20 Million Won

Korbit, the first virtual asset exchange in Korea, announced on December 1 that it will hold the ‘Year-End Trading King Ranking Competition’ with a total prize pool of 20 million won to express gratitude to customers who used Korbit throughout the year.

This event will run for four weeks from today until the 28th of this month. It will be held as a weekly ranking competition, with 5 million won in prizes awarded each week. The event is divided into two categories: the Maker Trading King League, for members who contribute to liquidity provision, and the Lucky Draw, which gives small-scale investors a chance to win prizes.

First, the 'Maker Trading King League' targets maker orders that add to the order book and increase market liquidity. Rankings are determined by the total trading volume from Monday to Sunday each week. During the event period, participants can check their ranking and cumulative trading volume status via a leaderboard updated every 10 minutes, which is expected to fuel fierce competition among participants.

The weekly first-place winner will receive 1.2 million won, the second-place winner 500,000 won, the third-place winner 200,000 won, and a total of 3.75 million won will be awarded to the top 30 participants each week. However, to receive a prize, the weekly maker trading volume must exceed 3 billion won. Even if a participant ranks within the top 30, they will be excluded from the awards if this requirement is not met.

The accompanying 'Lucky Draw' event is designed so that anyone can have a chance to win, regardless of trading volume. For every 100,000 won in trading volume, regardless of whether the order is a maker or taker, one entry ticket is automatically issued.

Notably, the Lucky Draw is open to all members except the winners of the Maker Trading King League, preventing duplicate awards and allowing more customers to benefit.

The event prizes will be distributed in a lump sum in January next year, after all four weeks of the event have concluded.

Lee Jungwoo, Chief Technology Officer (CTO) and Chief Product Officer (CPO) of Korbit, stated, "We organized this event to thank our customers for their unwavering support throughout the year and to bring vitality to the year-end virtual asset market. We hope that not only professional traders but also general investors will enjoy participating."

Detailed information about the ‘Year-End Trading King Ranking Competition’ can be found in the announcements on the Korbit website and mobile app.

This content was produced with the assistance of AI translation services.