Coinbase has launched the "Coinbase Champions Cup: India" perpetual futures trading competition in India. The total prize pool can reach up to approximately 350,000 $USDC (roughly ₹330 million), with tiers of the prize pool unlocked progressively based on the cumulative perpetual futures trading volume of all participants. The current prize pool stands at 50,000 USDC.
Participants must be legal residents of India, aged 18 or older, have completed account setup for Coinbase Advanced perpetual futures trading, and have executed at least 100 $USDC worth of trading volume in their designated competition account.[PANews]