Binance Margin Launches USDC Interest Fee Rebate Promotion

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.

Image
source:
Shutterstock