Binance Wallet announced on X that the Binance Alpha CP Trading Competition is now open, with $200,000 worth of rewards available. Participants can join through the Binance App event page to begin tracking trading volume. The announcement says only buy volume counts, while selling is excluded. It also notes that traders who qualify for the Alpha competition can unlock a Rising Trader Boost with a 1.2x trading volume boost, subject to eligibility requirements listed in the campaign details.
The announcement also says an Early Bird Multiplier is available, with earlier trades receiving a higher boost. Trades made on Day 1 receive a 3.0x multiplier. No additional details were provided in the post beyond the competition mechanics, the reward pool, and the trading volume rules.