Binance Margin Launches USDC Interest Fee Rebate Promotion
Luisa Crawford Aug 30, 2024 04:33
Binance Margin announces a promotion offering 130,000 USDC in interest fee rebates for eligible users who increase their margin trading volume.
Binance Margin has unveiled a new Interest Fee Rebate Promotion, offering a substantial reward pool of 130,000 USDC in token vouchers, according to Binance. This initiative is designed to incentivize both Regular and VIP 1-6 users to increase their margin trading volume during the promotional period.
Promotion Period and Eligibility
The promotion runs from August 27, 2024, 00:00 (UTC) to September 5, 2024, 23:59 (UTC). Eligible participants include Regular and VIP 1-6 users who register for the promotion and meet the new margin trading volume requirements. Users who qualify can receive USDC token vouchers based on their trading volume increments during the promotion period.
How to Participate
Participants must register for the promotion and satisfy the new margin trading volume tiers to qualify for the rebates. The new margin trading volume is calculated as the aggregate trading volume during the promotion period minus the aggregate trading volume in the ten days preceding the start of the promotion.
For instance, if a user traded $2,500,000 in the ten days before the promotion and $3,500,000 during the promotion, they would have a new margin trading volume of $1,000,000, qualifying them for Tier 1 rewards.
Terms and Conditions
Several terms and conditions apply to this promotion:
- The promotion is available only to Regular and VIP 1-6 users.
- Liquidity providers in the Binance Spot Liquidity Provider Program are not eligible.
- Rewards are distributed on a first-come, first-served basis and are based on the highest tier achieved by the participant.
- New margin trading volumes must exclude trades on stablecoin-to-stablecoin and zero-fee pairs.
- For EEA users, trading volumes on all FDUSD and USDT pairs are excluded.
- Rewards will be distributed within 21 working days post-promotion and must be claimed within two weeks of distribution.
- Binance reserves the right to amend or terminate the promotion terms at its discretion.
Binance emphasizes compliance with all terms to ensure eligibility. This promotion provides an attractive opportunity for margin traders to reduce their interest fees while increasing their trading activity on the platform.
For more details and to register, users can visit the official Binance announcement page.
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