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Fintech

Kraken Futures launches Bullion Rush, a 30-day gold and silver perp contest with $20,000 USDG prize

by TechDefused Newsroom
An image depicting a prominent Bitcoin cryptocurrency coin placed atop a cluster of gold nuggets. The vibrant gold and detailed design of the Bitcoin coin stands out against the dark background, symbolizing the intersection of digital and physical assets. — Credit: Photo by Kanchanara / Unsplash cPhoto by Kanchanara / Unsplash
Photo by Kanchanara / Unsplash

Kraken Futures is running the Bullion Rush, a 30-day trading competition that limits entries to gold and silver perpetual futures (XAU Perp and XAG Perp) and rewards the best-performing closed trades with a $20,000 prize pool paid in USDG.

Rankings are based on Absolute Realized PnL from closed positions rather than account size or open exposure, and the pool is distributed across the top 120 ranks with larger shares for higher finishes.

The competition includes a separate sub-leaderboard for traders placing their first futures trade during the event so newcomers are ranked only against other newcomers.

Participants must enrol via the Kraken Pro app or on Kraken Pro web and meet a minimum trade size to qualify for ranking, the company said, and prizes will be paid within 30 days of the competition’s close.

XAU Perp and XAG Perp trade 24/7 on Kraken Futures, so every hour inside the 30-day window counts toward Absolute Realized PnL.

Existing Kraken perpetual-futures traders are already set up; account holders who have used only spot or margin can activate futures from the same Kraken account to join the leaderboard.

Payward Digital Solutions is licensed to conduct digital asset business by the Bermuda Monetary Authority, and the announcement reiterates that trading leveraged futures carries risk and may not be suitable for everyone.

by TechDefused Newsroom