Liam Frost · 12 hours ago · 2 min read
Binance.US, the U.S. only arm of Binance, has introduced a new referral program for its platform. According to the company’s announcement, traders will be able to earn up to 40 percent on their invitees’ fees when they trade and save 25 percent on their own trading fees.
U.S. traders get major incentives from Binance
Binance.US, the U.S.-only marketplace powered by Binance, will begin offering a referral program to traders on its platform. According to the company’s official announcement, the program was frequently requested by its users and will enable them to earn a significant portion of their invitees’ fees.
Starting on Mar. 9, all users that have passed the platform’s Advanced Account Verification will be able to invite other people to open a Binance.US account and earn up to 40 percent of the trading fees generated by their referred traders.
The exchange’s new program will replace the previous promotions active on the website, such as the sign-up bonus and free month of trading.
New referral program rewarding trader that hodl BNB
Users that pass the exchange’s advanced verification process and accept the terms and conditions are able to register for the Referral Program.
Rewards from referrals will be paid out in the digital asset that the invitee traded—if a user you invited traded Bitcoin (BTC), your referral reward will be paid out in BTC, which will be visible on the Referral page as well.
To incentivize hodling Binance Coin (BNB), the exchange’s native cryptocurrency, Binance.US will be offering the possibility to earn 40 percent of their invitee’s trading fees to traders that hold more than 500 BNB. Users that have a balance under 500 BNB will earn 20 percent of their referral’s trading fees.
A balance of more than 0 BNB will enable Binance users to save 25 percent on their own trading fees, the company explained in the announcement.
Get an edge on the cryptoasset market
Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.
Join now for $19/month Explore all benefits