Binance Refreshes VIP Invitations Program in Bid to Lure Traditional Asset Traders

Crypto News– Binance, one of the world’s leading cryptocurrency exchanges, has announced the rollout of a new initiative designed to facilitate new users’ entry into its VIP Invitation Program by leveraging the aggregated volume of their traditional assets or crypto holdings from external trading platforms.

Binance Refreshes VIP Invitations Program in Bid to Lure Traditional Asset Traders

Unveiled on February 28, this expanded VIP program marks a pioneering move among major cryptocurrency exchanges, specifically targeting high-volume traditional asset traders. Under this incentive, new users can qualify for participation by achieving a 30-day aggregate spot or futures trading volume in cryptocurrencies or traditional assets equivalent to the existing trading volume requirements within the Binance VIP Program.

As per the announcement, these qualifying users will receive an “instant upgrade” to a VIP level one notch higher on the exchange for a duration of two months.

Catherine Chen, Binance’s Head of VIP and Institutional, emphasized the role of mainstream crypto acceptance in broadening user opportunities, citing the successful listing of bitcoin spot ETFs and their associated inflows as evidence of growing market demand for cryptocurrencies. Chen highlighted the diminishing gap between traditional and digital assets, attributing it to the evolving landscape of crypto mainstream acceptance.

Furthermore, Chen stated that Binance aims to facilitate the transition for high-volume users of traditional asset platforms into the realm of cryptocurrencies by lowering entry barriers and providing enhanced opportunities within the crypto space.