CoinDCX Market Maker Competition

Ever since the onset of Bitcoin in 2009, there has never been a dull moment in the crypto space. The new asset class has its ecosystem overflowing with various new projects, newer possibilities, more solutions to real-world problems, and much more. This decade-old space has given us not only the next step in Finance, but also a way forward for digital creators through NFTs and Metaverse!

As a pioneer in the crypto space for India and being able to incorporate 1 crore Indians’ trust in our product has been nothing less than an overwhelming achievement for us at CoinDCX. To show our appreciation for your unwavering support, we introduced the Market Maker program in May 2021.  

Additional Read: What is the Market Maker Program?

And now it is time for you to make the best use of this program and win BIIIIIIIIG! It is now time for you to showcase your trading skills as CoinDCX presents the BTC-INR, USDT-INR and ETH-INR Trade Battle. Click here to participate.

India’s biggest trading competition for Market Makers and High-Frequency Traders with prizes upto INR 1 Crore at 0 maker fees!!*

How to participate:

Trade on the BTC-INR, USDT-INR and ETH-INR spot markets on CoinDCX Pro/Web or by using CoinDCX APIs from February 11, 2022 till March 11, 2022, and have the highest volume (inclusive of all buy and sell orders).

Start Time: 06:00 PM, February 11, 2022

End Time: 06:00 PM, March 11, 2022

Rewards:

Participants can stand a chance to win the following by investing in the BTC-INR, USDT-INR and ETH-INR pairs over the course of the competition.

To be eligible for the top 10 Rewards, traders need to do at least INR 75 Cr volume in the span of the entire competition. To be eligible for the 11th-75th Rewards, traders need to do at least INR 40 Cr volume in the span of the entire competition.

That is not all! We have weekly rewards lined up for you as well!!

Maximum BTC-INR, USDT-INR and ETH-INR Volume over the course of the first 7 days of the competition; that is from February 11, 2022 – February 18, 2022.

Weekly Rewards: 11th February – 18th February

• 1st Prize: INR 2 Lakh worth of BTC
• 2nd Prize: INR 1.5 Lakh worth of BTC
• 3rd Prize: INR 1 Lakh worth of BTC
• 4th Prize: INR 75,000 worth of BTC
• 5th Prize: INR 50,000 worth of BTC
• 6th – 10th Prize: INR 10,000 worth of BTC

*To be eligible for Weekly Rewards, the Trader needs to do at least INR 10 Cr volume in the week of the competition.

Referral Reward Activity:

INR 3000 worth of BTC to both the referrer and the referee

Note: To be eligible for the rewards, trading of min. INR 40 Crore volume has to be met by the participant.

Rules

• Trading volume counts both buy + sell order volume, excluding wash trades. Maker and taker volumes will be considered.
• Registration for the competition is mandatory. Your entry will not be considered without the registration.
• Your account should be KYC verified. New users registering their accounts during the course of the competition are also eligible to participate. Volumes will be considered for the entire duration of the competition.
• All those who meet the minimum volume requirements (INR 40Cr) of the competition will have fees of 0 bps maker and 2.5 bps taker for the course of the competition for the corresponding markets only. This fee will be compensated back to the participant after the end of the competition within 14 days.
• The competition will be for all CoinDCX users. High-frequency traders and market makers are encouraged to participate.
• Orders placed via the CoinDCX Pro app and spot APIs will be counted towards the overall volume. Orders placed via the CoinDCX app will not be counted towards the overall volume.
• API trading is allowed. Please find the link to CoinDCX APIs here: API Reference
• The trading battle will take place only on BTC-INR, USDT-INR and ETH-INR pairs. Volumes on other pairs will not be taken into consideration.
• Wash trading is not allowed.
• Withdrawal volumes from the exchange would be deducted from the trading volumes.
• For Weekly Reward: Trader needs to do at least INR 10Cr volume in the week of the competition
• For weekly prizes, it is not compulsory to trade every day.
• For Overall Prize: To be eligible for the top 10 Rewards, top 10 ranked traders need to do at least INR 75Cr volume in the span of the entire competition.
  To be eligible for the 11th-75th Rewards, traders need to do at least INR 40Cr volume in the span of the entire competition.
• Rewards will be distributed within 14 days after the competition ends into the respective winner’s wallet for crypto rewards. For physical rewards, the same will be distributed within 60 days after the competition ends.
• Every participant who has commenced to take part in the competition hereby grants CoinDCX and/or any of its third-party vendors the right to communicate with such participants by email/phone/messenger and/or other means of communications in relation to their participation in the competition in compliance with applicable laws.
• CoinDCX reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk registered accounts, self-dealing, collusion or display attributes of market manipulation.
• CoinDCX reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion.
• CoinDCX reserves the right to change or substitute the rewards in any manner and /or at any time, in any manner of its choosing and reserves the right to withhold the rewards, at its sole and absolute discretion, and shall not be liable to any party/person in any manner whatsoever regarding the same. 
• As per the Terms & Conditions, all decisions by CoinDCX will be binding and final.
• CoinDCX at its sole discretion can decide whether a participant’s entry to the competition will be valid or not.