Binance US, the American arm of the world’s largest cryptocurrency exchange, does not currently offer a referral bonus. However, this could change in the future as the company looks to expand its operations in the United States.
Binance US was launched in September 2019 and is currently available to residents in 43 states. The exchange offers trading in a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and XRP.
While Binance US does not offer a referral bonus at this time, the company’s CEO, Catherine Coley, has hinted that such a program could be introduced in the future. In an interview with The Block, Coley said that Binance US is “definitely considering” a referral program as a way to attract new users.
The introduction of a referral program would be a significant marketing move for Binance US, which has struggled to gain traction in the United States since its launch. According to data from CoinMarketCap, Binance US ranks 35th in terms of 24-hour trading volume, with just over $50 million worth of cryptocurrencies traded on the exchange in the past day.
NOTE: Warning: Before engaging in any referral program offered by Binance US, you must ensure that you understand all the terms and conditions associated with the program. Additionally, you must ensure that your activities comply with all applicable laws and regulations. There is potential risk associated with participating in referral programs, so please be sure to exercise caution when making decisions about referrals.
By comparison, Coinbase, the largest cryptocurrency exchange in the United States, has a 24-hour trading volume of over $1 billion. Bittrex, another popular US-based exchange, has a 24-hour trading volume of $380 million.
If Binance US were to introduce a referral program, it would likely be similar to the one offered by its parent company, Binance. Under this program, users who refer new users to Binance can earn up to 20% of their trading fees as commission.
For example, if you refer a friend who trades $1,000 worth of cryptocurrency on Binance, you could earn up to $20 in commission.
The referral program offered by Binance has been successful in attracting new users to the platform; however, it is not without its criticism. Some have accused Binance of using its referral program to “pump and dump” certain cryptocurrencies; that is, to artificially inflate their prices by encouraging users to buy them through referrals and then selling them when their prices have risen.
Whether or not Binance US will introduce a referral bonus remains to be seen; however, if it does, it could be a significant marketing tool that helps the exchange attract new users and increase its market share in the United States.
7 Related Question Answers Found
Binance US, the American arm of the world’s largest cryptocurrency exchange, does not have a referral program at this time. This may come as a surprise to many, as most exchanges do offer some sort of incentive for users to bring in new customers. Binance has been tight-lipped about its plans for expanding into the US market, so it’s possible that a referral program could be introduced at a later date.
Binance US, the American arm of the world’s largest cryptocurrency exchange, does not offer referral bonuses. This is in contrast to the main Binance platform, which offers a generous referral program that can earn users up to 40% of the trading fees paid by referrals. The decision not to offer referral bonuses appears to be in line with Binance US’s strategy of operating as a more traditional exchange.
Binance, the world’s largest cryptocurrency exchange by traded value, does not currently offer a referral bonus. This may come as a surprise to some, as many other exchanges do offer referral bonuses as a way to incentivize customers to bring in new users. However, Binance has never had a referral program, and it does not appear that one is planned for the future.
Binance US, the American counterpart to the world’s largest cryptocurrency exchange, launched in September 2019. The exchange is now live and trading in most US states. However, one question still remains – does Binance US have a sign up bonus?
Binance offers a referral bonus to users who invite others to join the platform. The referrer will receive a commission based on the trading fees generated by the referee. The referral bonus is paid in the form of Binance Coin (BNB).
Binance US is a digital asset exchange platform launched in 2019. The platform is operated by Binance US Inc., a subsidiary of Binance. The exchange is available to users in the United States and its territories.
Binance US, the US-based arm of major cryptocurrency exchange Binance, has launched a referral program. The program offers users a way to earn rewards for referring new customers to the platform. The referral program is available to all verified users of the Binance US platform.
