BitMEX has launched the Grand Ascent promotion, allocating $100,000 USDT across onboarding, trading and referral incentives to spur platform activity. The campaign begun on January 26, and will run until February 17, offering traders a time-limited window to earn trading credits and bonuses.
BitMEX notes that rewards are distributed on a first-come, first-served basis, adding an element of urgency to participation. The exchange also states that all rewards will be credited to eligible users’ BitMEX wallets within 10 working days after the campaign concludes.
The total $100,000 reward pool is divided across several categories designed to target different user segments. A portion of $5,050 is allocated to New User Welcome quests, specifically for newcomers who complete KYC and meet basic participation requirements.
The largest share of the pool, $70,000, is reserved for tiered trading rewards available to both new and existing traders. These rewards are distributed as trading credits based on predefined volume thresholds, although VIP members are excluded from this tiered rewards structure.
An additional $30,000 is set aside for the referral program. Under this scheme, both the referrer and the referred user receive 5 USDT in trading credits for each qualified new user who completes KYC, with a maximum referral payout of 50 USDT per referrer.
Structure, eligibility, and incentives behind BitMEX’s $100,000 trading campaign
BitMEX’s campaign rules establish an individual reward cap of $800 for the trading tiers. To qualify for the highest tier, users must achieve a minimum cumulative trading volume of $100,000 during the campaign period.
The published reward table outlines granular incentive levels, ranging from small credits of $5 to $10 for low-volume activity or copy-trading participation, to significantly larger credits. At the upper end, rewards of up to $500 are listed for users generating multi-million-dollar trading volumes.
All incentives are issued as trading credits rather than direct cash payouts, and distribution is subject to internal verification and campaign timing rules. This structure means rewards are intended to offset trading costs rather than provide immediate withdrawable value.
Overall, the promotion is designed to boost both trading volume and KYC onboarding. While smaller credits may help active traders reduce execution costs during the campaign window, reaching the highest reward tiers requires substantial volume. Institutional desks should also factor in the VIP exclusion, jurisdictional limits, and the campaign’s February 17, end date, followed by a 10-working-day crediting period, when assessing the program’s effective benefits.
