Coinbase streams $150,000 Singapore trading cup and crowns its first champion

Coinbase Crowns First Singapore Champion in $150,000 Trading Cup

Event Overview

Coinbase streamed an in-person trading competition from Singapore on Oct. 8, advertising $150,000 for the trader crowned Coinbase Champion. The company's Token 2049 Champions Cup page billed the contest as an esports-style perpetual-futures tournament featuring 10 traders and one winner.

Standings and Updates

The company's standings tracked the traders' profit and loss in dollars, while the broadcast mixed trading updates with walkouts, jokes, and an invitation for viewers to pick a contestant. At 6:54 p.m. UTC, the event page listed Intern first with $4,263.37 in profit and loss. Coinbase CEO Brian Armstrong promoted the contest as it went live, saying that “in an hour” one trader would be crowned Coinbase Champion and win $150,000.

Contestants and Interactions

Coinbase's coverage identified several contestants, including Ansem (@blknoiz06), @izebel_eth, and @intern. The company joked about @Goupenguin trading while watching cats, and @intern making memes instead and backing Jez to win. Intern, who later topped the displayed standings, was also a running joke.

Voting and Prize Drawing

Coinbase invited viewers to the Champions tab in its app to vote for a trader, but only in certain geographies. Its official rules described a free promotion: no purchase was necessary, and spending or trading would not improve a participant's chance of winning. Only votes for the winning trader would qualify for a random prize drawing.