Binance P2P Launches USDC Campaign with Fee Rebates

Binance
P2P
has
announced
an
exclusive
campaign
for
its
P2P
merchants,
offering
significant
incentives
for
trading
USDC.
According
to
Binance,
the
campaign
will
provide
up
to
100%
maker
fee
rebates
in
token
vouchers
for
eligible
merchants
who
actively
post
USDC
ads
during
the
promotion
period.

Promotion
Details

The
promotion
is
set
to
run
from
May
21,
2024,
00:00
UTC
to
June
4,
2024,
23:59
UTC.
During
this
period,
merchants
who
post
USDC
ads
and
engage
in
successful
trades
can
benefit
from
substantial
maker
fee
discounts,
with
the
top
100
merchants
receiving
rewards
based
on
their
trading
performance.

Eligibility
Criteria

To
participate,
merchants
must
be
verified
in
their
respective
regions
and
must
click
the ‘Join
Now’
button
on
the
promotion’s
activity
page
within
the
specified
timeframe.
Only
trades
completed
during
the
promotion
will
count
towards
the
participants’
trading
volume
and
eligibility
for
rewards.

Reward
Distribution

All
token
voucher
rewards
will
be
distributed
within
four
weeks
after
the
promotion
ends.
Eligible
users
can
redeem
their
vouchers
via
the
Binance
Rewards
Hub.
It
is
important
to
note
that
all
token
vouchers
will
expire
within
two
weeks
of
distribution,
necessitating
timely
redemption.

Terms
and
Conditions

Binance’s
standard
terms
and
conditions
for
prize
promotions
apply
to
this
campaign.
The
platform
reserves
the
right
to
disqualify
participants
who
engage
in
fraudulent
activities,
wash
trades,
or
violate
any
applicable
terms
and
conditions.
Additionally,
Binance
retains
the
discretion
to
amend
or
cancel
the
promotion
at
any
time
without
prior
notice.

Market
Impact

This
initiative
by
Binance
comes
at
a
time
when
stablecoins
like
USDC
are
gaining
prominence
in
the
cryptocurrency
market.
By
incentivizing
P2P
trading
of
USDC,
Binance
aims
to
enhance





liquidity
and
encourage
more
merchants
to
participate
actively
in
the
market.
This
move
is
likely
to
bolster
Binance’s
position
in
the
competitive
landscape
of
crypto
trading
platforms.

For
further
details
and
participation
guidelines,
merchants
can
visit
the
official
Binance
announcement
page.

Image
source:
Shutterstock

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