Up to $200,000 in simulated accounts… CoinHub Funded to host 30-minute competition

Coinhub Funded, a prop-trading-style platform, has launched simulated trading accounts of up to $200,000 (about 268.16 million won) alongside 30-minute trading competitions, with all balances and contest funds being virtual and no orders executed in real markets. The program offers two-step and one-step challenge accounts plus an instant account with no evaluation phase, and the official site also lists forex, indices, metals, and commodities trading beyond crypto. Its terms of service state that account trading is simulation-based and that customer funds are not deposited or custodied, with payouts structured as performance fees calculated from simulated trading profits. Two-step challenge account sizes range from $5,000 (about 6.7 million won) to $200,000, with entry fees starting at $75 (about 101,000 won). The launch reflects growing retail interest in funded-trader evaluation models, though the simulated nature of trading and fee-based payouts distinguish these products from traditional prop firms. Market participants should watch how regulators treat simulation-based funded accounts and whether Coinhub Funded's payout performance attracts sustained trader participation.