Binance Launches 20 Million USDC Trading Rewards Event, Offers Deposit Yields of Up to 10% a Year
Summary
- Binance said it will offer users who complete know-your-customer verification a spot trading fee rebate coupon worth 100 USDC.
- Users whose cumulative trading volume in designated products reaches at least $10,000 during the event period can receive as much as 4,000 USDC from a total rewards pool of 20 million USDC.
- USDT and USDC deposit products, as well as RWUSD and BFUSD, will offer extra yield on top of the base rate, bringing total annualized returns to as much as 10%.
Forecast Trend Report by Period
Global cryptocurrency exchange Binance is launching a trading rewards and deposit promotion for users.
Binance said in a notice on November 2 that the event will run from 8:30 p.m. on November 2 through 8:59 a.m. on November 22.
Users who complete know-your-customer verification will receive a spot trading fee rebate coupon worth 100 USDC. When applied, the coupon refunds 30% of spot trading fees in USDC.
Users whose cumulative trading volume in designated products, including spot, margin, futures and bStocks, exceeds $10,000 during the event period will be eligible to share a 20 million USDC rewards pool. Individual payouts will be based on each user's share of total trading volume among eligible participants, with rewards capped at 4,000 USDC per person.
Binance is also offering additional yield on USDT and USDC deposit products, as well as RWUSD and BFUSD. The extra yield will be added to the base rate depending on the product and the user's tier, bringing the total annualized yield to as much as 10%.
Users in some regions, including the U.S., the U.K., the European Economic Area, Hong Kong and Singapore, are excluded from the promotion.
