Recently, when participating in trading competitions (such as the Alpha Trading Competition), I noticed that the mechanism for displaying the leaderboard (BXH) is facing a major transparency issue.

When contacting Support, the response I received was: "The platform only displays your trading volume and the minimum volume required to enter the leaderboard (ranked 2500th)." If your volume is higher than that number, then you are considered to be in the top group.

However, this raises a lot of questions for traders:

1️⃣ Missing a fully public leaderboard: Players are completely unable to know exactly what position they are in (Top 100, Top 500, or Top 2499?).

2️⃣ Lack of dynamic comparison basis: The "Minimum volume" level is only a static number provided by the system itself. Without a specific Top list attached (hidden UID codes, the actual volume of the Tops), how can players verify the accuracy and transparency?

3️⃣ The risk of a "blind race": You grind volume of hundreds of thousands of USD, but you only know how to trade nonstop without knowing the actual distance from the ranking positions above, in order to calculate reasonable fee/slippage costs.

Fairness and transparency are always the top criteria of the Crypto community. Publicly disclosing a transparent leaderboard (with the option to hide the UID anonymously) is the bare minimum to help players feel confident when joining.

What do you think about this way of displaying it? Should the exchange improve the transparency of real-time leaderboard data instead of only providing a single reference number?

#Binance #TradingCompetitions #BinanceSquare #CryptoCommunity #transparency