Bitrue launches $500K USDT trading contest amid crypto rebound

Bitrue, the global cryptocurrency exchange launched in 2018, has kicked off its Spring Rebound trading competition with a prize pool of 500,000 USDT.

The event, which went live on March 18, runs through March 30 at 09:00 UTC.

Participants simply need to register and trade eligible pairs, with rankings determined by total trading volume over that period.

The timing is deliberate. Bitcoin recently closed a full week of consecutive green candles, while Ethereum has posted 7% gains on multiple occasions in recent weeks.

In the AI token vertical, coins like TAO, RENDER, and FET have all recorded weekly gains of around 30%, signaling strong capital rotation into the sector.

A competition built around the XRP ecosystem

The eligible trading pairs span a mix of mainstream and niche assets.

Standard pairs like BTC/USDT and ETH/USDT are included, but what stands out is the concentration of XRP base pairs: SOL/XRP and DOGE/XRP among them.

This reflects Bitrue's long-standing focus on the XRP community, where it ranks among the top exchanges globally by XRP trading volume.

The full list of eligible pairs is available on the event page, and the structure is straightforward: larger trading volumes earn a bigger share of the prize pool.

It's a volume-based competition designed to reward active traders rather than passive holders.

Adam O'Neill, Chief Marketing Officer at Bitrue, framed the event around what he sees as a shifting macro environment.

"Multiple macroeconomic factors are pushing towards a market recovery right now, and metrics including trading volumes, the Fear and Greed Index, as well as price recoveries suggest that investors are primed to refresh their portfolios," he said.

"For investors reentering the market, our new event provides the perfect excuse to reassess their financial positioning for the coming years while receiving a tidy bonus."

Higher stablecoin yields for risk-off investors

Not everyone is ready to dive back into volatile assets, and Bitrue is catering to that crowd, too.

The exchange has significantly boosted interest rates on its Flexible Investment stablecoin products.

New users can now earn 10% annually on top stablecoins, including USDT, USDC, and RLUSD.

Alternatives like PYUSD, USD1, and USDP are offering 5%, while existing users can still access rates of up to 4.8%, returns that comfortably outpace most traditional savings accounts.

The move gives risk-averse investors a way to generate yield while they wait for more definitive market signals to emerge.

The Spring Rebound competition is live now, with the 500,000 USDT prize pool up for grabs through the end of the month.

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