Cryptocurrency exchange Bitget has announced the holding of the King's Cup Global Invitational (KCGI) 2023 tournament. This was reported to Incrypted by representatives of the company.
Cryptocurrency trading competitions on spot, futures, demo trading and copy trading will start on August 18. Traders can take part in the competition both individually and form teams.
In addition, there will be a roulette game for participants to win rewards such as the latest iPhone and Tesla Cyberquad.
Traders will compete for a prize pool of up to 2.65 million USDT and other prizes including a Tesla Cyber Quad Bike and an Airbus H135 Helicopter.
This is the fifth tournament from Bitget. Since its debut in 2021, KCGI has attracted over 32,000 members and almost 200 teams from all over the world.
In addition to hosting KCGI 2023, Bitget is implementing a number of initiatives and partnerships. Among them is the EmpowerX Summit, scheduled for September this year in Singapore, which will bring together industry experts and cryptocurrency advocates.
Bitget recently introduced a new offering, a CTA strategy that is powered by an AI bot. We also previously reported that the company announced a rebranding.