- Binance announces the re-launch of its VIP Invitation Program, for the first time since 2021.
- New users can get up to two months’ upgrade on their VIP level.
- Additional rewards are set to be offered for regular traders.
Binance, the world’s largest crypto trading platform, re-launches its VIP Invitation Program, aiming to welcome new users to the platform. The latest program targets large-volume traders on other centralized and decentralized exchanges. According to the official blog post, the Binance Exchange VIP Invitation Program provides a ‘more convenient gateway’ for new users to become Binance VIPs, which comes with added benefits such as lower trading fees, flexible trading limit configurations, and access to exclusive invite-only events.
Running from February 27 2024 till May 28 2024, the VIP Invitation Program will allow new users to become VIP members by simply aggregating their spot or futures trading volume on both cryptocurrencies and traditional assets from up to two trading venues.
To become eligible, new users need to provide a screenshot or video recording of their 30-day aggregate spot or futures trading volumes from up to two trading avenues (CEXs or DEXs). The evidence can be shared directly with their sales or key account coverage manager, or by emailing vip@binance.com. The trading volumes provided must be within 90 days before the application submission. Additionally, if two platforms are selected, the trading volumes provided must be within the same time frame.
Once submitted, the eligible new users will be notified via their emails within the next two business days. Only users that have their 30-day aggregate spot or futures trading volume equivalent to the respective trading volume requirements in the Binance VIP Program will qualify for the reward.
Binance is launching a new promotion for the VIP Invitation Program, offering new users trading cryptocurrencies and/or traditional assets on other platforms an even more convenient gateway to become a Binance VIP by aggregating their spot or futures trading volume on both cryptocurrencies and traditional assets from up to two trading venues!
The VIP Invitation Promotion Rewards
So what do new users stand to gain, once they qualify to become a Binance VIP member? Once approved and verified, qualified new users will be instantly upgraded to one VIP level higher than what their original tier is supposed to be for the next two months. For example, an approved new user whose trading volume makes them eligible for a VIP 1 tier on Binance will be upgraded to VIP tier 2 for two months.
Notwithstanding, once approved and offered a higher tier VIP level, users will also have an opportunity for additional rewards. First, the new VIP users whose 30-day spot or futures trading volume on Binance reaches at least 70% of the trading volumes required for their VIP+1 level in the last week of their two-month upgrade period, will be granted an additional month at the same VIP+1 level.
In a similar fashion, the new users whose 30-day spot or futures trading volume during the last week of their upgrade level will be further upgraded an extra tier higher (VIP +2) for one additional month.