Binance Futures, the derivatives arm of the renowned crypto exchange Binance, is launching a significant campaign following the recent introduction of USDC-margined perpetual trading pairs. The futures platform, which introduced BTC, ETH, BNB, SOL, and XRP earlier this month, is set to give away up to $170,000 in USDC as part of an early-year promotional push.
The campaign, targeting regular and VIP 1-3 users, includes a 10% trading fee discount on USDC-margined contracts for a three-month period ending on April 3. The first 5,000 derivatives traders to make a net deposit of at least $100 USDC will receive a $5 trading fee rebate voucher, provided they maintain their deposit amount for five days during the campaign. If the deposit value is maintained for at least ten days, a $10 rebate will be given. The first 2,000 users who make a higher deposit of $500 or more will receive a $10 or $15 trading fee rebate voucher. In total, rebate vouchers worth $125,000 will be distributed to users to promote interaction with the new USDC-margined futures.
One of the most enticing aspects of the campaign is the dynamic rewards pool. Binance Futures power users, those who register on the campaign landing page and trade a minimum position of $1,000 in the USDC-margined perpetual contracts, are eligible for a share of the rewards pool, which totals up to $45,000. As is common with such pools, only a certain number of participants will be eligible for each tier, with 6,000 in line for the $45,000 pot.
Crypto derivatives contracts derive their value from an underlying crypto asset, allowing traders to gain exposure to its price movement without physically owning it. Futures contracts, such as those offered by Binance, enable users to go long or short on an asset using leverage.
Binance Futures has been broadening its offerings, recently unveiling the USDⓈ-M MOVR Perpetual Contract, with up to 50x leverage. With market sentiment improving due to the expected approval of a Bitcoin spot ETF, and the upcoming fourth Bitcoin halving, many believe we could be on the brink of a bull market. However, whether this optimism will materialize remains to be seen.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 1 |
| People | None |
| Companies | Binance Futures |
| Currencies | Arcade Arcoin, Bitcoin, Ethereum, XRP, US Dollar |
| Securities | None |
