Latest News

Bitget: KCGI 2023 trading tournament has a helicopter among the prizes

Bitget, a renowned cryptocurrency trading platform, has announced the King’s Cup Global Invitational (KCGI) 2023, an event that will gather traders from all over the world together with prizes including a helicopter.

The KCGI 2023, featuring prizes such as a Cybersquad Tesla and an Airbus H135 helicopter. Who will win the helicopter between Bitget and the KCGI 2023?

KYC verification standards are being updated. The long-awaited King’s Cup Global Invitational (KCGI) 2023, a global spot, futures, demo, and copy trading crypto competition, has been launched by Bitget.

Essentially, traders from all over the world are ready to battle for prizes such as the $2.65 million in USDT and other jaw-dropping prizes such as a Tesla Cybersquad and an Airbus H135 helicopter. Specifically, KCGI 2023 will begin accepting submissions on August 18, beginning with the Spot Trading Contest and progressing to the Demo Trading, Futures Copy Trading, and Futures Trading Contest.

Traders will be able to compete in the competition either individually or in teams, with the goal of winning the main prize pool.  Bitget’s hallmark KCGI 2023 aspires to be something exceptional, such as winning a helicopter. A gripping roulette game and a live roulette session are also available to participants.  This is the third edition of the KCGI, which has seen spectacular development in recent editions, with over 32,000 players and just under 200 teams from all over the world in the KCGI 2022: Football Edition. 

“As we prepare for KCGI 2023, we are thrilled to present traders worldwide with an exceptional opportunity to showcase their skills and compete for the most remarkable prize pool we have ever had,” stated Gracy Chen, Managing Director of Bitget. At Bitget, we believe in creating a vibrant and diversified cryptocurrency exchange, and KCGI is another step toward that goal.

We urge players to join us in this trading fiesta and experience the wiser trading trip that Bitget offers, with an exciting array of contests including spot trading, futures, and copy trading. We are excited to see the energy and talent of our global trading community as we embark on this exciting journey together.”

Bitget recently informed its new and existing customers of the enhanced Know-Your-Customer (KYC) verification procedures, which will take effect on September 1st.  The crypto-exchange, in particular, wished to tighten the user identification process in order to make trading more safe. 

As a result, from September 1, 2023, new Bitget users will be required to undergo level one KYC verification before being allowed to access all crypto services. 

Existing platform users will be able to increase their KYC requirements by the end of September. 

Those who find themselves on October 1st without having completed level one KYC verification will be allowed to withdraw, cancel orders, redeem subscriptions, and close positions, but not create new trading orders.


Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.