Coinbase launches Champions Cup trading competition in India with ₹3.3 crore prize pool
The India-only event offers a prize pool that starts at 50,000 USDC and can rise to about 350,000 USDC based on cumulative perpetual futures trading volume.
USDC
Fact Check
Coinbase's own legal terms page and competition landing page both confirm every element of the claim: an India-only Champions Cup trading competition, a prize pool starting at 50,000 USDC and rising to about 350,000 USDC (~₹3.3 crore), with the increase tied to cumulative perpetual futures trading volume (Unlock Tiers). The bitbank.cc article independently corroborates the July 8, 2026 launch and INR 330 million figure. All facts align across primary and secondary sources.
Summary
Coinbase has launched the "Coinbase Champions Cup: India," a perpetual futures trading contest for users in India. The prize pool currently stands at 50,000 USDC and can scale to about 350,000 USDC, or roughly ₹3.3 crore, depending on participants' cumulative perpetual futures trading volume. Eligible participants must be legal residents of India, be at least 18 years old, open a Coinbase Advanced perpetual futures account, and complete at least 100 USDC in trading volume in the designated contest account.
Terms & Concepts
- perpetual futures: Derivatives contracts that track an asset's price without a fixed expiration date
- trading volume: The total value of trades executed over a given period
- USDC: A U.S. dollar-pegged stablecoin commonly used in crypto trading and settlement