{"id":570201,"date":"2026-10-09T09:30:11","date_gmt":"2026-10-09T08:30:11","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=570201"},"modified":"2026-10-09T06:27:21","modified_gmt":"2026-10-09T05:27:21","slug":"coinbase-streams-150000-singapore-trading-cup-and-crowns-its-first-champion","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/coinbase-streams-150000-singapore-trading-cup-and-crowns-its-first-champion\/","title":{"rendered":"Coinbase streams $150,000 Singapore trading cup and crowns its first champion"},"content":{"rendered":"<p>Coinbase streamed an in-person trading competition from Singapore on Oct. 8, advertising $150,000 for the trader crowned Coinbase Champion and presenting the event as a spectator tournament.<\/p>\n<p>The company's <a href=\"https:\/\/www.coinbase.com\/en\/events\/token-2049-coinbase-cup\">Token 2049 Champions Cup page<\/a> billed the contest as an esports-style perpetual-futures tournament <a href=\"https:\/\/x.com\/brian_armstrong\/status\/2108173652483342804\">featuring 10 traders and one winner<\/a>. Its 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.<\/p>\n<p>At 6:54 p.m. UTC, the event page listed Intern first with $4,263.37 in profit and loss.\u00a0Coinbase CEO <a href=\"https:\/\/cryptoslate.com\/people\/brian-armstrong\/\">Brian Armstrong<\/a>\u00a0promoted the contest <a href=\"https:\/\/x.com\/brian_armstrong\/status\/2108173652483342804\">as it went live<\/a>, saying that \u201cin an hour\u201d one trader would be crowned <a href=\"https:\/\/cryptoslate.com\/companies\/coinbase\/\">Coinbase<\/a> Champion and win $150,000.<\/p>\n<p>Coinbase's\u00a0<a href=\"https:\/\/x.com\/coinbase\/status\/2108173395057873207\" target=\"_blank\" rel=\"noopener\">announcement<\/a> described the in-person competition as live,\u00a0streamed from Singapore.<\/p>\n<p>Coinbase's coverage identified several contestants: Ansem (@blknoiz06), @izebel_eth and @intern among its walkout and introduction posts. It also posted updates naming @Goupenguin, @osf_rekt and @insomniacxbt, with @osf_rekt making what the company called a high-energy entrance.<\/p>\n<p>Coinbase <a href=\"https:\/\/x.com\/coinbase\/status\/2108184994674032779\">joked that @Goupenguin was trading while watching cats<\/a>, then <a href=\"https:\/\/x.com\/coinbase\/status\/2108186219385696759\">said @intern had decided to make memes instead<\/a> and was backing Jez to win. Intern, who later topped the displayed standings, was also a running joke.<\/p>\n<p>During the action, Coinbase <a href=\"https:\/\/x.com\/coinbase\/status\/2108188717756432617\">said @osf_rekt had moved into first place<\/a> at 1:32 p.m. UTC. Seven minutes earlier, its @insomniacxbt update said there were 35 minutes left to win the prize.<\/p>\n\n<div class=\"cs-article-embed\">\n    <a href=\"https:\/\/cryptoslate.com\/exchanges-lower-token-risk-values-leaving-leveraged-traders-with-less-breathing-room\/\" class=\"cs-article-embed__link\">\n        <div class=\"cs-article-embed__body\">\n            <span class=\"cs-article-embed__related-reading\">Related Reading<\/span>\n            <h3 class=\"cs-article-embed__title\">Exchanges lower token risk values, leaving leveraged traders with less breathing room<\/h3>\n        <\/div>\n        <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\">\n            <i class=\"fa-light fa-arrow-up-right\"><\/i>\n        <\/span>\n    <\/a>\n<\/div>\n\n<h2>A separate prize drawing for Coinbase cup viewers<\/h2>\n<p>Coinbase <a href=\"https:\/\/x.com\/coinbase\/status\/2108060290416001464\">invited viewers to the Champions tab<\/a> in its app to vote for a trader, but only in certain geographies. Its <a href=\"https:\/\/www.coinbase.com\/legal\/token2049-voting-rules\">official rules<\/a> describe a free promotion: no purchase was necessary, and spending or trading would not improve a participant's chance of winning.<\/p>\n<p>Only votes for the winning trader would qualify for a random prize drawing. If traders tied for the highest total profit and loss, votes for any tied trader would qualify.<\/p>\n<p>The rules called for three voting rounds, with one trader selected per round and up to three votes overall. Entry was limited to eligible app users at least 18 and the age of majority, with jurisdiction and, in some markets, onboarding requirements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The exchange paired walkouts and memes with a ten-trader tournament; its displayed leaderboard listed Intern first without confirming a winner.<\/p>\n","protected":false},"author":1264,"featured_media":570327,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107,39,77968,6849],"tags":[76714,72190],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase streams $150,000 Singapore trading cup and crowns its first champion<\/title>\n<meta name=\"description\" content=\"Coinbase turns perpetual-futures trading into a live spectator competition, 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