Coinbase held a live trading competition from Singapore on October 8, streaming a ten-trader perpetual-futures tournament branded as the Token 2049 Champions Cup. The company advertised $150,000 for the trader crowned Coinbase Champion, presenting the event as an esports-style competition that mixed trading updates with contestant introductions and audience participation.
The event tracked traders' profit and loss in real-time on a public standings page. During the competition, @osf_rekt moved into first place at 1:32 p.m. UTC, while other named contestants included Ansem (@blknoiz06), @izebel_eth, @intern, @Goupenguin, and @insomniacxbt. Coinbase CEO Brian Armstrong promoted the contest as it launched, noting that a champion would be crowned within an hour.
Beyond the main prize, Coinbase invited viewers to participate in a separate promotion through its app. Eligible viewers in certain geographies could vote for a contestant, with votes for the winning trader entered into a random prize drawing. According to the official rules, only votes selecting the ultimate champion qualified for the drawing, though votes for any tied traders would also qualify if multiple traders finished with identical profit and loss totals.
The viewer promotion was free to enter, with participation limited to app users at least 18 years old who met jurisdiction and onboarding requirements in their respective markets. Coinbase allowed up to three votes per participant across three voting rounds, with no purchase or trading required to enter.
