Coinhub Funded Launches Proprietary Trading Platform with $200K Accounts and Daily Tournaments

Coinhub Funded has launched a proprietary trading platform offering funded accounts up to $200,000 and short-form trading tournaments. For the fintech sector, this represents a convergence of retail prop trading and gamified competition, utilizing USDT for payouts to streamline the capital allocation process for skilled traders across crypto, forex, and commodities.

What was announced

Coinhub Funded is introducing two primary products: funded trading accounts and Coinhub Funded Tournaments. Traders can access capital up to $200,000 by completing either a 1-step or 2-step evaluation process on simulated accounts. Alternatively, an "Instant Funding" option allows users to bypass the evaluation phase entirely. The evaluation challenges start at a price point of $75 and feature no time limits, with identity verification only required once a trader successfully passes the evaluation. To mark the launch, the firm is offering a 25% discount on challenges and Instant Funding accounts using the code LAUNCH through November 30, 2026.

The platform supports a diverse range of assets, including cryptocurrencies, forex, indices, metals, and commodities, all traded from a single platform. Successful funded traders retain 80% of their profits, which can be increased to 90% via a Profit Split add-on. Payouts are issued every 14 days in USDT. Furthermore, the firm offers a full refund of the challenge fee upon a trader's third payout for 1-step and 2-step accounts.

The second product, Coinhub Funded Tournaments, consists of 30-minute trading contests held nine times every weekday to coincide with the Tokyo, London, and New York market opens. These contests use $100,000 simulated accounts and offer three entry tiers: free, $25, and $100. In paid tiers, 90% of entry fees are distributed as USDT prizes to top finishers. While these tournaments do not lead to funded accounts, they serve as standalone skill competitions where free entrants can also earn 25 USDT and discount codes for future challenges.

"We give traders a funded account with no clock running on the evaluation, and a tournament every few hours where they can prove their skill against other traders and win a USDT prize when they come out on top."

Quincy Mathis

The companies involved

Coinhub Funded is a proprietary trading firm and a specialized brand within the broader Coinhub ecosystem. The parent organization has been active in the digital asset space since 2019, establishing a significant physical and digital footprint in the United States. This ecosystem is most notably recognized for its network of over 2,000 Bitcoin ATMs distributed across more than 25 states, providing a bridge between physical cash and digital currency for retail users.

Beyond its extensive ATM network, the Coinhub brand operates an online cryptocurrency exchange and a self-custody wallet, positioning itself as a multi-service provider in the retail crypto market. The launch of Coinhub Funded marks an expansion into the "prop firm" model, which has seen rapid growth as retail traders seek access to higher levels of liquidity without risking their own personal capital. By integrating this new arm into its existing infrastructure, the company leverages its established presence in the US crypto market to offer a unified platform for trading various asset classes beyond just digital tokens, including traditional forex and commodities.

What this means

The launch of Coinhub Funded highlights the ongoing evolution of the retail proprietary trading sector, which is increasingly shifting toward high-frequency, gamified formats like 30-minute tournaments. By removing time limits on evaluations and utilizing USDT for payouts, the firm is addressing common friction points in traditional prop trading, such as restrictive deadlines and slow banking rails. This move puts pressure on established prop firms to modernize their payout structures and evaluation flexibility. However, the reliance on simulated accounts for evaluations raises questions about how these firms will manage risk as they transition successful "sim" traders into live-funded environments in a volatile market. The success of this model will likely depend on whether the tournament format can provide a sustainable pipeline of disciplined talent rather than just high-leverage speculators.