Coinbase has introduced the "Coinbase Champions Cup: India," a perpetual contract trading competition with a prize pool that could reach up to 350,000 USDC, equivalent to approximately 330 million rupees. The competition, which runs from July 8 to July 30, is open to legal residents of India aged 18 and above. Participants must open a Coinbase Advanced perpetual contract account and achieve a minimum trading volume of 100 USDC. The prize pool, currently at 50,000 USDC, will increase based on the cumulative trading volume of all participants. The competition features three leaderboards ranked by trading volume, nominal PnL, and percentage PnL. In addition to USDC prizes, top performers can win luxury items such as a Mini Cooper S, Rolex and Omega watches, and an Aston Martin experience.