Singapore, June 13, 2022 — Bitget, the world’s leading social- and copy-trading platform, has announced the King’s Cup Global Invitational (KCGI) 2022, its biannual global crypto futures-trading competition, has closed with 4,754 trading enthusiasts joining the competition. 

The KCGI is divided by the Individual Competition and Team Battle categories, where participants can vy for a prize pool of 200 Bitcoin (BTC). For Individual Competition, traders can win by their cumulative profit or profit-loss ratios. 

The winning trader triumphed in these two battlefields with exceptional trading skills and acute insights, holding a profit of 819,906.47 Tether (USDT) and a profit-loss ratio of 82,689.36% — far exceeding the runner-up considerably.

Among 82 eligible teams in Team Battle, nine unlocked the 50-BTC reward pool. A South Korean team ranked first with a profit of 156,462.77 USDT, closely followed by the second and third runner-ups with 148,404.21 USDT and 108,194.31 USDT, respectively.

“The KCGI competition has come to an end with great success, thanks to the enthusiasm [of] our participants and phenomenal support from our community. I would also like to take this opportunity to congratulate the winners. As a leading global derivatives exchange, Bitget is honored to provide a platform for seasoned traders to demonstrate their abilities and for new traders to sharpen their skills. It’s a place to compete and also one to learn and grow for different types of traders,” said Gracy Chen, managing director of Bitget.

She added, “We have seen some excellent traders in this and the past competitions and believe that the coming competition will attract more participants, as crypto is becoming an increasingly important investment asset. With the talent and passion of traders, the likes of these events will invite better understanding of crypto investment and boost [the] adoption of crypto-derivatives trading.” 

The KCGI first debuted in late 2021 and garnered significant attention from the Bitget community. For 2022, the registration period was extended to welcome more participants to the overwhelming response. 

Bitget is at the forefront of empowering the blockchain movement with support from the crypto, sports and gaming worlds. Moving forward, Bitget will launch innovative and rewarding trading initiatives, combining gaming and crypto for its valued users globally. 

About Bitget

Established in 2018, Bitget is one of the world’s leading cryptocurrency exchanges. Currently serving more than 2 million users in more than 50 countries worldwide, Bitget accelerated its mission to promote decentralized finance (DeFi) in 2021 with a 500-strong workforce spanning 20-plus countries. 

Since Bitget’s official launch in the crypto-derivatives market in June 2019, the platform is now one of the world’s largest crypto copy-trading and derivatives exchanges, ranked top-five globally by CoinMarketCap and CoinGecko for derivatives trading by volume. Bitget’s flagship product, One-Click Copy Trade, has attracted more than 20,000 copy traders, innovating the experience for crypto-derivatives traders worldwide.

Adhering closely to its philosophy of “Better trading, better life,” Bitget is committed to providing comprehensive and secure trading solutions to users globally as the portal transcending Web2 and Web3 and bridging centralized finance and DeFi. 

In September 2021, Bitget announced its sponsorship of world-renowned football team Juventus as its first-ever sleeve partner and Professional Gamers League Major’s official esports crypto partner soon after. It has partnerships announced in early 2022 with the leading esports organization Team Spirit, the second-ever Eastern European team to become The International champions with the largest prize pool in esports history of $18 million, and Turkey’s leading and long-standing football club Galatasaray. 

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