MGBX has launched a new Trading Combo Challenge with a $9,000 prize pool, aiming to increase daily trading activity on its platform. The challenge encourages users to trade in BTC and ETH contracts for rewards, boosting engagement within MGBX’s ecosystem. 38% increase in daily trading volumes and higher open interest have been observed since the challenge announcement.
David Lee, CEO of MGBX, emphasized that the initiative is designed to cultivate a vibrant trading community. This challenge promotes increased activity on BTC/USDT and ETH/USDT pairs, key components of MGBX’s trading platform. 50% more open interest has been recorded in perpetual contracts following the announcement. The event reflects MGBX’s commitment to fostering active participation within its community.