BitMEX Launches Trick or Trade Crypto Competition with 3 BTC Prize

The Trick or Trade Trading Competition employs a multi-tiered reward system distributed across three separate leaderboards. The highest trading volume category commands the lion’s share of the prize pool, with 80% of the 3 BTC allocated to the top 100 traders ranked by volume. This substantial allocation reflects BitMEX’s focus on encouraging active market participation and liquidity provision. The remaining 20% of the Bitcoin prize pool is equally divided between performance-based metrics, with 10% going to the top 100 traders ranked by profit and loss (PnL) and another 10% allocated to the top 100 traders ranked by return on investment percentage (ROI%).

This structured approach ensures that traders of varying strategies and risk profiles have opportunities to compete. Volume-focused traders can leverage their market-making capabilities, while those excelling in risk management and capital efficiency can compete through the PnL and ROI categories. The competition period spans from October 22, 2025, at 9:00 AM UTC through November 14, 2025, at 11:59 PM UTC, providing participants with approximately three weeks to optimize their trading strategies across BitMEX’s derivatives products.

Beyond the primary Bitcoin-denominated rewards, BitMEX has structured significant additional incentives specifically for new traders entering the competition. All newly verified participants gain access to a separate 10,000 USDT prize pool distributed based on trading volume, creating an additional competitive layer exclusively for newcomers. This strategic allocation acknowledges the challenges new traders might face when competing against established platform veterans in the main competition categories.

Furthermore, BitMEX is offering a welcome package exceeding 5,000 USDT in trading credits to all new users who join during the competition period. These credits provide immediate value and reduce the barrier to entry for traders looking to establish positions on the platform. To participate, new customers must complete BitMEX’s full verification process, ensuring compliance with regulatory requirements while maintaining the platform’s security standards that have prevented any cryptocurrency losses through intrusion or hacking since its founding.

The Seychelles-based exchange emphasizes its security credentials as a foundational element of the competition’s value proposition. BitMEX highlights that no cryptocurrency has been lost through intrusion or hacking throughout its operational history, providing participants with assurance regarding fund security during the high-activity competition period. This track record is particularly relevant given the substantial prize pool and increased trading activity the competition is designed to generate.

BitMEX further reinforces its security commitment through regular transparency initiatives, having been among the first exchanges to publish on-chain Proof of Reserves and Proof of Liabilities data. The platform continues this practice with twice-weekly publications, demonstrating ongoing assurance that user funds are safely stored and properly segregated. This approach aligns with growing industry demands for exchange transparency and provides competition participants with additional confidence in the platform’s operational integrity.

Positioning itself as the ‘OG crypto derivatives exchange,’ BitMEX leverages this competition to reinforce its market position among professional crypto traders. The platform’s emphasis on low latency, deep crypto-native liquidity, and reliability serves as the infrastructure backbone supporting the competition’s trading activities. By structuring rewards across volume, PnL, and ROI metrics, BitMEX appeals to diverse trading methodologies while showcasing the platform’s capability to handle varied trading strategies simultaneously.