Coinbase streams $150,000 Singapore trading cup and crowns its first champion
Coinbase hosted and streamed an esports-style perpetual-futures trading tournament in Singapore, featuring 10 participants competing for a $150,000 prize while offering a separate viewer voting sweepstakes.
On Oct. 8, Coinbase hosted and streamed an in-person trading contest from Singapore, offering a $150,000 prize for the ultimate Coinbase Champion through a spectator-focused tournament format.
Billed on the Token 2049 Champions Cup webpage as an esports-style perpetual-futures competition, the event featured 10 participants competing for a single winning title. Standings were measured in dollar-based profit and loss, while the live broadcast blended financial updates with dramatic walkouts, humor, and a voting system that allowed audience members to select a contestant.
By 6:54 p.m. UTC, the leaderboard showed Intern in the top spot with $4,263.37 in profit and loss. As the competition got underway, Coinbase CEO Brian Armstrong shared updates on social media, noting that a winner would claim the $150,000 title within the hour.
Official company announcements confirmed that the in-person showdown was broadcast live directly from Singapore.
Throughout the event, coverage highlighted various contestants—such as Ansem (@blknoiz06), @izebel_eth, and @intern—during introductions and walkouts. Additional updates featured @Goupenguin, @osf_rekt (who made a high-energy entrance, according to the organizers), and @insomniacxbt.
The broadcast featured lighthearted commentary, joking that @Goupenguin traded while watching cats, while @intern opted to create memes and root for Jez. Intern ultimately led the on-screen standings while serving as a running gag throughout the broadcast.
As trading progressed, Coinbase reported that @osf_rekt had claimed first place at 1:32 p.m. UTC, just seven minutes after an update for @insomniacxbt noted that 35 minutes remained in the competition.
A separate prize drawing for Coinbase cup viewers
To engage the audience, Coinbase encouraged eligible app users in select regions to visit the Champions tab and vote for a participant. Official guidelines emphasized that the promotion was entirely free, requiring no purchase, and that spending money or executing trades would not boost anyone’s odds of winning.
Only individuals who voted for the winning trader were entered into a random prize drawing. In the event of a tie for the top profit-and-loss spot, ballots cast for any of the tied contestants remained eligible.
The promotion consisted of three separate voting rounds, permitting one selection per round for a maximum of three total votes. Participation was restricted to eligible app users who met the minimum age requirement of 18 (or the local age of majority), along with specific geographic and account onboarding criteria.
Frequently Asked Questions
01What was the Coinbase Singapore trading cup?
It was an esports-style perpetual-futures trading tournament featuring 10 traders competing live in-person from Singapore for a $150,000 prize.
02Who won the competition?
The event crowned its first champion, with Intern leading the displayed standings at $4,263.37 in profit and loss near the end of the broadcast.
03Can viewers win prizes too?
Yes, eligible app users in certain regions could vote for contestants via the app to enter a separate random prize drawing, with no purchase necessary.
