Binance Futures Offers $170,000 USDC Rewards for Traders
As 2024 begins, Binance Futures has launched a promotional campaign to reward its traders with $170,000 USDC. The aim is to raise awareness of its new USDC-margined perpetual contracts. The exchange introduced USDC-denominated markets for BTC, ETH, BNB, SOL, and XRP on January 4th.
Traders who deposit USDC on Binance Futures will be eligible for a share of the $125,000 USDC rewards. This promotion is open to regular users as well as those on VIP tiers 1-3. The only requirement is a minimum deposit of 100 USDC.
Making Money From Margin Trading
Binance Futures is already the leading crypto derivatives exchange with a daily volume of $60 billion. Its BTC markets are especially popular, contributing to the exchange’s typical $10 billion in open interest over 24 hours.
While BTC dominates the futures market, other coins like SOL have been recording healthy volumes. Solana has gained ground on ETH in the second half of 2023. The top crypto assets by market cap are well-suited for perpetual swaps due to their liquidity and global accessibility.
Binance Futures Focuses on USDC
In addition to the $125,000 USDC promotion, Binance Futures is running another campaign with $45,000 USDC up for grabs. Traders who trade a minimum of 1,000 USDC are eligible for a share of the dynamic rewards pool.
Crypto futures have gained popularity due to their outsized returns and the ability to hold stablecoins like USDC as underlying assets. Dollar-denominated perpetual swaps provide a convenient and cleaner trading experience.
Total Bitcoin futures volume surpassed $1 trillion in December, and January is on track to exceed that figure.
Hot Take: Binance Futures Rewards Traders with $170,000 USDC
In an effort to promote its new USDC-margined perpetual contracts, Binance Futures is offering $170,000 USDC in rewards to its traders. This campaign aims to increase awareness and drive up demand for these contracts. Traders who deposit USDC are eligible for a share of the rewards, with a minimum deposit requirement of 100 USDC. Additionally, Binance Futures has seen significant success as the leading crypto derivatives exchange, with its BTC markets being particularly popular. The exchange is also focusing on USDC with another campaign that offers additional rewards for trading a minimum of 1,000 USDC. Overall, Binance Futures continues to innovate and provide opportunities for traders in the crypto space.
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