Korbit Hosts First Ever 'Virtual Asset Real Battle League' Since Establishment

Domestic virtual asset exchange Korbit announced on the 16th that it will hold a virtual asset real trading league.

This competition, the first since Korbit's founding, will officially start on the 27th following a preliminary event held the day before. Anyone with a Korbit account can participate by pressing the 'Join League' button on the mobile application (app) and agreeing to the collection and disclosure of personal information.

In the Korbit real trading league, weekly rankings of 'realized returns' are compiled from Monday 0:00 to Sunday 24:00. Realized returns are based on the KRW return rate of investors who have earned profits through actual virtual asset investments and sold assets with a sales amount of at least KRW 100,000.

Korbit awards KRW points usable for virtual asset investments on Korbit to the top 100 participants each league week. The top three receive prize money of KRW 200,000, 100,000, and 50,000 respectively, and everyone ranked within the top 100 receives KRW 5,000.

This league is expected to be a great opportunity for social trading, allowing participants to analyze and follow the strategies of Korbit’s top investors. By clicking on the profiles of the top 100, users can view three types of virtual asset transaction details that they mainly traded during that week. Additionally, each investor’s current holdings on Korbit and their total realized returns from the time they first started trading on Korbit until now can be checked in real time, regardless of the league.

Korbit plans to encourage active participation by holding a preliminary event before the official league opening. During the preliminary event period, the first 10,000 participants who agree to the collection and disclosure of personal information will immediately receive KRW 1,000 in trading support funds. Among those who receive this support, the first 1,000 investors who sell virtual assets worth KRW 100,000 or more within four weeks after the league starts will receive an additional KRW 5,000 in trading support funds.

Sejin Oh, CEO of Korbit, said, "Because the Korbit real trading league evaluates the returns of actual investors selling with KRW rather than simulated investments, customers will feel the impact more strongly." He added, "In the future, we will expand the Korbit real trading league to operate continuously, not just as a simple return competition, but as a platform for healthy virtual asset investment culture through user information exchange."

Meanwhile, Korbit has been providing various benefits to virtual asset investors, including waiving all virtual asset transaction fees since the 20th of last month, offering a maker incentive where Korbit pays customers 0.01% of the transaction amount instead of charging fees for maker order executions, and running events that reward users for depositing virtual assets from other exchanges to Korbit.