— HyroTrader, a crypto proprietary trading firm, has been named Best Prop Trading Firm at the CoinGape Web3 Innovation Awards 2026. The award, decided by an independent judging panel featuring representatives from Polygon Labs, Visa, Beldex, Shirplink, and Liminal Custody, recognizes the firm’s transparent, exchange-connected funding model for digital asset traders.
The CoinGape Web3 Innovation Awards honor organizations, products, and innovators shaping the future of Web3 across multiple categories. HyroTrader was selected for the prop trading category based on its direct exchange execution model, risk management framework, and consistent payout record.
HyroTrader provides funded accounts of up to $200,000 for trading USDT perpetual contracts across more than 700 cryptocurrencies. Unlike prop firms that rely on internal pricing systems, HyroTrader routes trading activity to real exchange environments through a secure API connection to Bybit, an approach the firm pioneered when it introduced direct exchange integration in 2023. Traders keep up to 90 percent of profits and withdraw earnings in USDT or USDC.
The firm currently serves a community of more than 35,000 members, has funded over 1,700 traders, and has paid out more than $5 million to funded traders since its founding in 2022.
“This award reflects the standard we set for ourselves from day one: real exchange execution, clear rules, and payouts traders can verify,” said Samuel Drnda, CEO of HyroTrader. “Recognition from a panel of this caliber confirms that transparency is not a marketing angle. It is the future of prop trading.”
Hyro Protocol: Bringing Prop Trading On-Chain
The award arrives as HyroTrader prepares its next chapter. On July 8, the firm announced Hyro Protocol, an on-chain crypto prop trading protocol built on Solana that settles in USDC.
Hyro Protocol connects traders seeking capital with liquidity providers seeking exposure to verified trading strategies. At its core is the vault model: structured capital pools with smart-contract-enforced rules, transparent accounting, and on-chain performance records. Traders can prove themselves through Challenge Vaults or, if they hold an established track record, apply to manage LP capital directly through Direct Vaults. Every key protocol event, including vault creation, deposits, NAV updates, and payouts, is designed to be verifiable on-chain.
“Most prop firms still run on closed systems where rules can change mid-evaluation and payouts happen behind closed doors,” Drnda added. “Hyro Protocol replaces trust with verification. Traders own their track records, LPs can check every number on a block explorer, and capital scales with performance instead of one company’s balance sheet.”
Trade execution will continue on professional exchange infrastructure, while protocol state settles on-chain, preserving the liquidity and execution quality traders expect. HyroTrader will publish program IDs, audit reports, and explorer links as each protocol component goes live.
About HyroTrader
HyroTrader is a crypto proprietary trading firm headquartered in Prague, Czech Republic. Founded in 2022, the company introduced the first direct exchange integration in crypto prop trading, enabling traders to operate on their own exchange accounts with funded capital of up to $200,000. HyroTrader has paid out more than $5 million to over 1,700 funded traders.
Contact Info:
Name: HydroTrader PR & Media Relations
Email: Send Email
Organization: HyroTrader
Website: http://www.hyrotrader.com
Disclaimer:
This press release is for informational purposes only. Information verification has been done to the best of our ability. Still, due to the speculative nature of the blockchain (cryptocurrency, NFT, mining, etc.) sector as a whole, complete accuracy cannot always be guaranteed.
You are advised to conduct your own research and exercise caution. Investments in these fields are inherently risky and should be approached with due diligence.
Release ID: 89198418
If you detect any issues, problems, or errors in this press release content, kindly contact error@releasecontact.com to notify us (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). We will respond and rectify the situation in the next 8 hours.