After Soft Launch Covesting Announces New Trading Competition With $5,000 Prize Fund

| Updated
by Maria Konash · 3 min read
After Soft Launch Covesting Announces New Trading Competition With $5,000 Prize Fund
Photo: Covesting PR / Medium

Covesting, the fully compliant and licensed cutting-edge trading platform, has revealed the details of a new Trading Competition after the platform’s recent soft launch.

Following the success of the soft launch and fresh on the heels of completing its first-ever Trading Competition, Covesting has announced its second cryptocurrency Trading Competition, offering a staggering total prize pool of $5,000 in COV tokens.

The competition will commence on November 26, and run for one month, offering traders ample time to strategize a trading plan and test out Covesting’s advanced suite of trading tools. The Trading Competition will close on Christmas Eve, December 24, at 15:00 PM GMT.

Traders can participate by logging in or registering for a new account, completing the KYC process if the step wasn’t previously completed, funding your account, and then starting to trade. All registered public accounts will automatically be entered into the competition.

This time around, the Trading Competition winners will be separated into two unique categories: one based on the highest return percentage gained, and the other one based on the highest return by currency amount. At the close of the competition, Covesting will complete a snapshot of the table of top traders enrolled in the competition. For transparency, all users will also be able to view the table as well.

There is no minimum trading amount required, so anyone can compete for a chance to win regardless of account value. COV tokens will be awarded according to the exchange rate at the time the prizing is issued.

Covesting recently rolled out the soft launch of its advanced trading platform this past month, offering users a chance to test the platform and do a final systems check to ensure everything is operating smoothly.

The firm also received its DLT license from the Gibraltar Financial Services Commission in October, becoming only the second-ever cryptocurrency exchange to receive such an honor. A DLT license provides Covesting customers with the following assurances:

• Safety and security of assets;
• Customer privacy;
• Solid operational infrastructure and resources;
• Unmatched industry expertise;
• Top-quality support team;
• Fiat gateways;
• … and much more.

The final milestone to completing the Covesting roadmap is just on the horizon with the long-awaited and much-anticipated copy-trading feature.

Copy-trading will be a feature available exclusively at Covesting, offering novice traders a chance to learn and grow their investments by mimicking top traders from the cryptocurrency community. Users will be able to shadow other top trader’s trades, potentially generating substantial profits. This also benefits more experienced traders, as they monetize their traders further by earning COV tokens for allowing new traders to follow their trading strategies and habits.

Traders everywhere can now register and login to try out the soft launch of Covesting’s trading platform, and begin building public trader profiles in advance of the launch of the copy-trading feature. This provides top traders with a head start at rising the ranks that will increase the chances of novice users following their traders after the copy-trading feature is live.

Showing a track record of proven trading success could springboard the trader’s reputation into the limelight as profitable trader that must be followed, and help them to kickstart their earnings potential here at Covesting.

To begin trading on the platform, you need to follow several simple steps. Login to the Covesting platform or register for a new account; complete the KYC process and wait for verification; then go to the funds section and deposit any crypto currently available for trading; transfer your deposited funds from wallet to trading portfolio, and finally start trading.

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