Binance Launches Xertra Trading Tournament with $200,000 USDC Prize Pool

According to the announcement from Binance, the platform is set to host a Xertra (STRAX) Trading Tournament, offering eligible participants a chance to share a prize pool totaling 200,000 USDC in token vouchers. The tournament will run from 2026-06-02 10:00 (UTC) to 2026-06-09 10:00 (UTC). Verified new, regular users, and Binance VIP users are eligible to participate, while liquidity providers in the Binance Spot Liquidity Provider Program and Binance Brokers are excluded. Participants must achieve a minimum trading volume of 500 USD equivalent in the STRAX/USDT trading pair during the promotion period to qualify for rewards. The reward structure is based on cumulative trading volume rankings. The top five participants will receive token vouchers ranging from 10,000 USDC for first place to 2,000 USDC for fifth place. Participants ranked sixth to twentieth will share 18,000 USDC, while those ranked twenty-first to fiftieth will split 16,000 USDC. Additionally, participants ranked fifty-first to two-hundredth will share 28,000 USDC, and those ranked two-hundred-first to one-thousandth will also split 28,000 USDC. Remaining eligible participants will share 40,000 USDC, capped at 5 USDC per user. Binance is also introducing a "Sprint Reward" for a limited period, allowing users to earn extra rewards based on their trading volume rankings. The Sprint Reward is divided into two statistical periods: 2026-06-02 10:00 (UTC) to 2026-06-04 10:00 (UTC) and 2026-06-04 10:01 (UTC) to 2026-06-06 10:00 (UTC). The top five participants in each round will receive token vouchers ranging from 6,000 USDC for first place to 2,000 USDC for fifth place. Token vouchers will be distributed by 2026-06-23 and will expire within 21 days after distribution. Participants can redeem their rewards via the Rewards Hub on the Binance platform.