Binance Launches 20 Million USDC Trading Rewards Event, Offers Deposit Yields of Up to 10%
Summary
- Binance said it is launching a trading rewards and deposit event for users.
- Users with at least $10,000 in cumulative trading volume in designated products can receive as much as 4,000 USDC from a total 20 million USDC reward pool.
- Binance said it is offering additional yield on USDT and USDC deposit products, as well as RWUSD and BFUSD, for total annualized returns of up to 10%.
Forecast Trend Report by Period
Global cryptocurrency exchange Binance is launching a trading rewards and deposit event for users.
Binance said in a notice on November 2 that the promotion will run from 8:30 p.m. that day 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. The coupon returns 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 reward pool. Individual payouts will be determined by each user's share of total trading volume among eligible participants, with rewards capped at 4,000 USDC.
Binance is also offering additional yield on USDT and USDC deposit products, as well as RWUSD and BFUSD. Depending on the product and the user's tier, the extra yield will be added to the base rate, bringing total annualized returns 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 event.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.