There was a flurry of activities in Binance with BinanceUS launch of a referral program to boost the utilization of the platform. The revamped version of the program would pay promoters 40 percent of trading fees generated by the traders that they refer.
Last week @binance
— Binance (@binance) March 9, 2020
1. Binance issues stablecoin for South Korean Won $BKRW.
2. Binance P2P platform’s first African currency: Nigerian naira $NGN.
3. Staking support added for $ARPA and $TROY.
4. @BinanceAmerica debuts new referral program
Much more ⬇️https://t.co/yLXHPgmpfa
A release seen by Cryptoinfowatch invites users to promote Binance.US to the best traders they know to earn highly competitive commission in the market. The new referral program took effect on Monday, March 9, 2020.
Last week, Binance also announced its support for the Nigerian currency, Naira for its P2P trading platform. This was activated on March 5, 2020. With this development, traders from Nigeria would be able to buy and sell BTC, USDT, ETH, BNB and BUSD using NGN with zero transaction fees on Binance P2P platform. This is accessible at Binance.com and the Binance mobile app.
The exchange also announced staking support for two tokens, ARPA and TROY. These commenced on March 4 for TROY and March 6 for ARPA. Holders of the token now have staking as an investment option on the platform.
Another interesting news from the exchange stated that it has introduced a stablecoin for the Korean Won. In a blog post, it states:
“Binance KRW (BKRW), a BEP-2 stablecoin pegged to KRW, in partnership with BxB Inc. of South Korea. BKRW will be available for trading at a rate of 1 BKRW = 1 KRW. This follows the full legalization of crypto in the country.”
