Starting September 1, an ambitious competition, the "Race for a Million x2," organized jointly by OKX and TradingView, kicks off. The total prize pool exceeds 1 million USDT, and this is not just a marketing gimmick but a well-thought-out ecosystem of incentives for active traders. Participants will compete for rewards in two independent categories: classic cryptocurrency trading (spot and derivatives) and the innovative segment of tokenized stocks xStocks with perpetual futures.
Registration is open until September 30, offering a unique opportunity to showcase yourself in both directions at once. To enter the game, you must complete KYC verification and maintain a balance of at least 100 USDT. The key condition is achieving a minimum trading volume: 1 million USDT in the crypto ranking or 100,000 USDT in the stock ranking. Traders who fail to meet this threshold are automatically eliminated from the competition, ensuring high competition among genuinely active participants.
Prize Distribution Structure
The main pool of 900,000 USDT in trading bonuses will be divided among the top 50 in the crypto ranking. The leader will receive up to 270,000 USDT (30% of the fund), the silver medalist — 180,000 USDT, and the bronze medalist — 135,000 USDT. Further distribution decreases progressively: positions 6 through 10 are allocated 18,000 USDT each, and participants ranked 11th to 50th will receive 2,250 USDT each. It is important to note that trading bonuses here are not just virtual points but a real working tool: they are used as margin, cover fees, and even compensate realized losses, being deducted before the trader's own funds.
A separate pool of 100,000 USDT is designated for the top 10 in the stock ranking, but payouts will be made in tokenized stocks — XNVDA, XAAPL, XTSLA, XGOOGL, and XAMZN. The winner of this category will receive stocks worth up to 25,000 USDT, providing access to portfolio diversification beyond purely cryptocurrency assets.
Synergy with TradingView and Additional Bonuses
Of particular interest is the integration with TradingView. The first 500 participants who connect their OKX account to this analytics platform and execute at least one trade through its interface will receive a guaranteed 10 USDT. This is a smart move that encourages the use of professional technical analysis tools.
In addition to cash prizes, the leaders of both rankings will share 50 TradingView subscriptions: 5 annual Ultimate, 15 annual Premium, and 30 monthly Premium. The top 3 in the crypto ranking and the top 2 in the stock ranking will gain access to the platform's most advanced features. Additionally, the top five in the crypto category and the top three in the stock category will receive personal invitations to a private OKX event.
Fund Unlock Mechanics
It is worth emphasizing that the announced million is not paid out instantly. The pool is unlocked in stages based on the participants' aggregate trading volume: at a volume of 1 billion USDT, 50,000 USDT in rewards is unlocked; at 10 billion USDT — 500,000 USDT; and only reaching the 20 billion USDT mark makes the entire amount available. This creates additional motivation for collective activity.
The stock segment relies on products launched by OKX back in March of this year. Perpetual contracts on stocks are denominated in USDT, trade around the clock, and offer leverage of up to 10x, while crypto assets can be used as margin collateral. Full rules and the current leaderboard are available on the campaign's official page.
My analysis: This tournament is not just a giveaway of prizes but a strategic move to attract liquidity to the new tokenized stock segment for OKX. The partnership with TradingView strengthens the exchange's position among professional traders who value high-quality analytical tools. Given that this summer OKX already held a similar race with a prize pool of 1 million USDT and tickets to the Formula 1 Grand Prix, the current format looks more practical and focused on the long-term retention of active users.