Trading battles combine gaming and cryptocurrency trading by putting participants head to head in a competition to see who is the most profitable over a certain period of time.
Interdax will host battles with real prizes for the best performing traders. There are no charges or fees to join trading battles, but each trader must have an amount of BTC equal to the initial stack for the battle.
Joining A Trading Battle
To join a trading battle, click on 'Battles' on the home screen.
The Trading Battles Arena displays an overview of all live and upcoming trading battles.
Each trader will start with the same trading stack (e.g., 1 BTC) and there is a fixed time-window for participants to try and trade their way to the highest amount possible. Each battle will be focused on one instrument only (e.g., BTC-PERP).
Click on 'View' to see more information about a particular battle and to join.
Once you click 'View' on a particular battle you will then be able to join as well as see which other traders have joined the battle, the prize, initial stack, duration and starting time. Once the battle is live, you will also be able to see the leaderboard here.
You can also share the battle on social media to invite other traders.
Once you click 'Join', your account name will be added to the trading roster.
The funds required to join the battle will then be moved from your main balance to your trading battle sub-account.
Trading in a Battle
Once the battle has started, navigate to the battle arena and click on 'Trade'.
You can then check the leaderboard and time remaining at the top of the interface, highlighted below.
If you click on the leaderboard, you can check the ranking of each trader (shown below).
You can also check whether other traders are long or short by viewing the leaderboard direct from the battles arena. Instead of clicking on 'Trade, select 'View'. Then, navigate to the leaderboard.
After a Trading Battle
The best performing traders (as measured by their trading balance at the end of the battle) will win prizes. Once a battle has finished, your battle account becomes a sub-account and any of your open positions remain active.
Prizes from a trading battle will be automatically added to your main trading account after the battle has ended. During the beta phase, prizes will be paid out manually and may take a day or two to be reflected in your main trading account.
During a trading battle you may only use funds that were initially allocated for that battle (your initial trading stack) and any PnL you generate in that battle.
Any attempt to siphon more funds into your battle account will lead to your disqualification for that battle. This happens, for example, if you set limit orders in the battle and you fill those order yourself, from another account. This is cheating because you're then siphoning the market rebates into your battle account, and that gives you an advantage over other participants.
We insist on keeping the battles not only fun, yet also fair for everyone.
Interdax will introduce different trading battles so stay up to date by following our blog and social media.
The next time you disagree with someone about the markets, head over to Interdax and challenge them to a trading battle to see who’s the victor.