Coinhub enters proprietary trading sector with new crypto platform
Coinhub has launched a proprietary trading firm offering funded accounts of up to $200,000 and frequent trading tournaments for users.
Coinhub has announced the launch of a new proprietary trading firm, expanding its presence in the cryptocurrency sector. The firm provides traders with access to funded trading accounts, with capital allocations reaching as high as $200,000.
The platform operates on a payout model where profits are distributed to traders in USDT every 14 days. This structure allows participants to leverage firm capital to execute trades, shifting the primary funding responsibility away from individual users.
In addition to the funded accounts, Coinhub has introduced 30-minute trading tournaments, allowing users to compete for USDT prizes. The expansion into prop trading marks a move by Coinhub to capture market share in the growing niche of performance-based crypto trading services.