Is Trading Volume Bonuses now A Dying Trend?

[Cryptoababe]

I've been trading for a while now, and I'm thinking of stopping because I open positions for long and always add to my position if trades go in the opposite direction.
I usually enjoy doing this because I mostly participate in events that give bonuses for trading volumes and not the number of positions opened. But now, I think such events are rare.

I would like to know what anyone thinks about this and if there are such events still currently going on for traders.

[AVE5]

I've been trading for a while now, and I'm thinking of stopping because I open positions for long and always add to my position if trades go in the opposite direction.
I usually enjoy doing this because I mostly participate in events that give bonuses for trading volumes and not the number of positions opened. But now, I think such events are rare.

I would like to know what anyone thinks about this and if there are such events still currently going on for traders.

I might not get you too well but can only say that if you're more interested to trade on or participate on bonuses opportunities then you should make your research to find reputable projects as airdrops which offers bonuses for singnees and referrers.
You can also make your research on exchanges which most of them do still offers bonuses for singnees and referrers. Advisably, make your proper research and verify by enquiring before proceeding so that you don't lost all you've heard earned accumulated at a cause of greed of chasing free funds.

[Mr.right85]

I've been trading for a while now, and I'm thinking of stopping because I open positions for long and always add to my position if trades go in the opposite direction.
I usually enjoy doing this because I mostly participate in events that give bonuses for trading volumes and not the number of positions opened. But now, I think such events are rare.

Am getting to hear this for a first time. I haven’t experienced or heard of bonuses in trading before hand except, a couple of times when an exchange just chooses to reward loyal customers but, it ain’t a thing really.
Meanwhile, having to OP a position while trading and should the trade move in an opposite direction, you OP yet another position. How has that form of trading been favoring you?
I don’t think it helps to trade in this pattern. You might end up recovering just a bit of your lose but those bits still counts. Why not hold your position to see if the market would reverse or leave the market completely.

[AmoreJaz]

I've been trading for a while now, and I'm thinking of stopping because I open positions for long and always add to my position if trades go in the opposite direction.
I usually enjoy doing this because I mostly participate in events that give bonuses for trading volumes and not the number of positions opened. But now, I think such events are rare.

Am getting to hear this for a first time. I haven’t experienced or heard of bonuses in trading before hand except, a couple of times when an exchange just chooses to reward loyal customers but, it ain’t a thing really.
Meanwhile, having to OP a position while trading and should the trade move in an opposite direction, you OP yet another position. How has that form of trading been favoring you?
I don’t think it helps to trade in this pattern. You might end up recovering just a bit of your lose but those bits still counts. Why not hold your position to see if the market would reverse or leave the market completely.

Been trading for years, and haven't encountered such event. He may have seen this type of activity in a new trading exchange where they are rewarding their top traders. But that is right, this is not a regular event that you can see in a trading platform.
However, I've seen an article discussing details about bonuses and promotions of crypto-exchanges - Best Free Crypto Sign Up Bonus Offers & Promotions in 2024



I would say, the more common perks that you can see is the welcome or sign-up bonus in crypto-exchanges.

[Zaguru12]

Am getting to hear this for a first time. I haven’t experienced or heard of bonuses in trading before hand except, a couple of times when an exchange just chooses to reward loyal customers but, it ain’t a thing really.
Meanwhile, having to OP a position while trading and should the trade move in an opposite direction, you OP yet another position. How has that form of trading been favoring you?
I don’t think it helps to trade in this pattern. You might end up recovering just a bit of your lose but those bits still counts. Why not hold your position to see if the market would reverse or leave the market completely.

Although this kind of events is rare now there have been such events in the past where an exchange usually opens a trading competition and you register, the winners were usually choosen base on the trading volume which was just a way to have this traders to trade more. This competitions are definitely not around now. The one that gets close to this is the Bybit’s own where they open a regional competition like the Africa best cryptocurrency trader event where a person can sign up and also have his friends to register under his squad. The squad who traded more volume wins, it is a yearly event though.

As for adding more position when winning, it is a very bad trading attitude that can usually lead to a huge loss because it is done at a point of excitement. I will advice OP to open a position once and put in size which is ok for you and then allow the trade to run by itself

[BlackBoss_]

Been trading for years, and haven't encountered such event. He may have seen this type of activity in a new trading exchange where they are rewarding their top traders. But that is right, this is not a regular event that you can see in a trading platform.

They can host these bonus events when their exchanges are young and need to get new customers. They can host these events months before a bull run to prepare for a bull run with good customer base and can do it in middle of bull run.

When bull run reaches to nearly its ending, exchanges can stop or reduce their budget for the bonus events because FOMO will bring people to this market and at that time, they don't care about bonus at all. They see other bigger opportunities like x100, x100, become a billionaire after one night.

Bonus events nowadays have more requirements for users to claim and there are different steps to complete, earnings are different for different finished steps. Not all users will earn all bonuses from an exchange bonus event.

[jcojci]

If your open position for long gives you a profit and you place that order in a very low price, you can stops your trading and only waiting for the price you want to close your trading. Sometimes exchanges invites traders to join in special events but traders needs to have a trading volume or there are other requirements that needs to achieve.

If you wants to find that events, you must search in each exchange and don't forgets to check the rules how to gets the bonus. I am not join in the events because I am difficult to compete with other traders. Besides that, other traders use big money as their capital which I don't have that much money to trade. I prefer to trade as usual and not chase the bonuses from the exchange because that is not easy for me.

[shinratensei_]

Most exchange right now focused more in growing their userbase and incentivizes new sign up instead, i've seen long running campaign by exchange like bybit and bitget to incentivizes new sign up by giving away free tokens from new project with minimum effort.
it seems as if these exchanges don't really care about trading volume anymore maybe because incentivizing trading volume will just only attract big player to exploit the loophole to get the 1st prize.

moreover, by incentivizing new sign ups these exchanges got massive flow of capital into their platform anyway so basically it's a win-win solution for the exchange.
I doubt trading volume bonuses event will be frequently held again in the future, it'll probably just become rare ocassions.

[FinneysTrueVision]

On centralized exchanges I have not seen something like this in a while. There are some decentralized exchanges like Pancakeswap where they sometimes have trading competitions. I have also seen exchanges like Thena, which has a trade-to-earn reward system on its perpetual DEX, but the rewards don’t seem very high currently.

[Cookdata]

I've been trading for a while now, and I'm thinking of stopping because I open positions for long and always add to my position if trades go in the opposite direction.
I usually enjoy doing this because I mostly participate in events that give bonuses for trading volumes and not the number of positions opened. But now, I think such events are rare.

I would like to know what anyone thinks about this and if there are such events still currently going on for traders.

Trading volume is just a marketing strategy used most of the time by new listed tokens. Traders has the habit of avoiding coins with low volume because of liquidity exit problems, so the exchange partnership together with the project assigned a particular amount got traders who engage with the pairs will be eligible for the trading bonus but today where hype precede the real things we look for in a crypto before we go invest are not longer prioritize anymore. Haven't you see meme coins do have trading volume close to volume of Bitcoin, is there marketing of trading volume bonus needed again? No!

Another reason could be because the trading volume are manipulated by group of traders where the allocations are been abused by some set of traders, this is why some exchanges don't do this more often or it could also be that the allocations are deliberately reduced because of the abused and traders don't have interest again. However, I do see tweets of several trading competitions been offer by Bybit, it could be the exchange you are using stop given the event bonuses.

[boyptc]

I've been trading for a while now, and I'm thinking of stopping because I open positions for long and always add to my position if trades go in the opposite direction.
I usually enjoy doing this because I mostly participate in events that give bonuses for trading volumes and not the number of positions opened. But now, I think such events are rare.

I would like to know what anyone thinks about this and if there are such events still currently going on for traders.

There are still a lot of bonuses offered by the exchanges for traders. If you are up for this then I guess that you need to be registered with most of the known exchanges out there.

I won't even bother to try it with the newer ones even if they offer something good and quite high bonus.

I'll choose to stick with the known and trusted ones rather than with the high offer bonuses coming from unknown exchanges.

[logfiles]

This was a thing back then when exchanges were just launching and trying to get more customers to sign up to their platforms. This would also mean to encourage the users to trade and not just  create accounts and abandon them afterward.

Now the trading volumes are instead you create different tiers or VIP levels for different traders. The more trading volumes you have, the higher the VIP level you will achieve, which comes with benefits such as discounted trading fees. You can check out the fees tier levels in most popular exchanges, and you will agree with me.

[TastyChillySauce00]

Most of the platform that offer such bonus are the DEX such as AEVO if i remember correctly in the first batch of TGE they allocate big chunk of airdrop to their trader based on volume, the other DEX like derivio and so on might be doing the same thing but the reward isn't in USDT but in their governance token airdrop which might be a turn off for many traders that don't care about these governance token, regardless the amount of the prize honestly is better than any trading competition with volume based in any exchange ever since the reward isn't limited to top 3 like most of the volume based trend.

of course using relatively new DEX that offer bonus based on volume also have the risk of interacting with harmful contract that could drain your money so really the volume based trading competition is getting scarce nowadays.

[MarvieJ]

I've been trading for a while now, and I'm thinking of stopping because I open positions for long and always add to my position if trades go in the opposite direction.
I usually enjoy doing this because I mostly participate in events that give bonuses for trading volumes and not the number of positions opened. But now, I think such events are rare.

I would like to know what anyone thinks about this and if there are such events still currently going on for traders.

I understand where you're coming from. It can be disheartening when the trading strategies you've honed, particularly those suited for volume-based events, no longer seem as relevant. I've been there myself. It feels like the landscape is always shifting, and it's challenging to keep up with the best opportunities.

That said, I recently came across an event that might reignite your interest. Bitget is hosting a competition with a prize pool of 3,500 USDT, where traders compete based on their trading volume. The top performer can win up to an astounding 1,000 USDT. It's one of those rare chances where your preferred strategy of focusing on volume could really pay off.

[Fara Chan]

I've been trading for a while now, and I'm thinking of stopping because I open positions for long and always add to my position if trades go in the opposite direction.
I usually enjoy doing this because I mostly participate in events that give bonuses for trading volumes and not the number of positions opened. But now, I think such events are rare.

I would like to know what anyone thinks about this and if there are such events still currently going on for traders.

In several large exchanges things like that usually always exist every year with different bonuses applied and even if there isn't anything like that, usually the exchange also holds trading contests at various times so that anyone can take advantage of this. But my advice is that you don't stop trading as long as trading can still provide benefits for you personally. And besides, if someone already has knowledge about trading and how to read market trends, it would be a shame if they had to stop trading because there are no more things like that on the stock exchange. Because professional traders not only chase small bonuses, but also have to be able to chase bigger profits every month.

[jaberwock]

I've been trading for a while now, and I'm thinking of stopping because I open positions for long and always add to my position if trades go in the opposite direction.
I usually enjoy doing this because I mostly participate in events that give bonuses for trading volumes and not the number of positions opened. But now, I think such events are rare.

I would like to know what anyone thinks about this and if there are such events still currently going on for traders.

What I think about this? I think this was a cool feature implemented by the trading exchanges and it rewards users like you who provide a volume very easily, and I think that might also be the reason on why they are slowly dying now, not because of the lack of interest by the traders but because the trading exchanges are slowly removing it, when they think they already achieve their target to gather more customers on their platform.

BTW this topic reminds me of providing a liquidity and earn some rewards on a DeFi platform but are they different? I think there are also airdrops related to this, so if you like you can check them out and see if they also work great. Good Luck !!

[el kaka22]

I am trading right now at the best possible way, which is not really caring about what the exchange is saying, there is really no reason to keep thinking that we are going to end up with a good or bad result, it doesn't matter what we are going to see in that regard.

We should consider that the best thing to do right now would be just focusing on how to get better results, it is just much better that way. Right now, we can see that volume competitions are never really a huge deal, because they are not going to make money for the exchange at all, they are just getting similar people, maybe betting a bit more for their own earnings.

Plus, on the bull run period, there will be some new tokens that will get listed, and those tokens will distribute a lot more tokens for rewards like this, to get more attention. If you have a new project that not many people know, and you want to be popular as well, then all you have to do is get yourself into any exchange you can, and pay people a lot of money to trade your token, if you have the funds for it, then people will trade you like crazy, which will lead you to be at bigger exchanges and bigger exchanges the more you keep paying people for that. So bull run may see more competitions like this.

[Bournesparks]

I've been trading for a while now, and I'm thinking of stopping because I open positions for long and always add to my position if trades go in the opposite direction.
I usually enjoy doing this because I mostly participate in events that give bonuses for trading volumes and not the number of positions opened. But now, I think such events are rare.

Am getting to hear this for a first time. I haven’t experienced or heard of bonuses in trading before hand except, a couple of times when an exchange just chooses to reward loyal customers but, it ain’t a thing really.
Meanwhile, having to OP a position while trading and should the trade move in an opposite direction, you OP yet another position. How has that form of trading been favoring you?
I don’t think it helps to trade in this pattern. You might end up recovering just a bit of your lose but those bits still counts. Why not hold your position to see if the market would reverse or leave the market completely.

First time I experienced futures trading bonus was on bybit. Not deposit for delayed so the cex compensated us with $50 futures trade. I flipped it to $300 though. You should check for more fosnirs definitely a thing. Someone even mentioned one that's ongoing on Bitget.
you can DYOR. NFA

[beerlover]

In several large exchanges things like that usually always exist every year with different bonuses applied and even if there isn't anything like that, usually the exchange also holds trading contests at various times so that anyone can take advantage of this. But my advice is that you don't stop trading as long as trading can still provide benefits for you personally. And besides, if someone already has knowledge about trading and how to read market trends, it would be a shame if they had to stop trading because there are no more things like that on the stock exchange. Because professional traders not only chase small bonuses, but also have to be able to chase bigger profits every month.

I do get that it may not be that simple, we should probably consider how to make it work some other way, but at the end of the day it works and we could still see these competitions. We just need to make sure that exchanges know about it, like they know that we would be willing to.

The reason why they are not that common anymore right now, is because we have been in a bear market for a few years after last bull run, and then before the halving this year it was just a short period when we went from 15k to 70k quickly but that did not take long. This is why I think it's quite clear that we didn't had that much time, and many people didn't want to trade.

However, if we can tell the exchanges somehow that we are willing to trade again, then they will bring it back. The way to do that is fine one of those rare places or competitions, and trade a ton, that way that exchange will see that they are gaining a lot and will want to do more, and other exchanges that see that will end up wanting to copy that success, so we will grow together. However, there is a valid possibility that if any exchange, even one as big as Binance, does it right now, it may not be all that traded, since people are keeping the volume low.

[nelson4lov]

These kind of events are mainly available from new exchanges since they have a tough market competition and need to win some users hence the promotions and events. You might one to check out Bitget as they do an event like that from time to time. In the long run, I wouldn't recommend sticking to such strategies for trading. You should trade to make profits not to win some exchange events because in the long run, it would be all about how much you didn't lose before talking about the profits.