Binance, the world’s leading cryptocurrency exchange, has announced a promotional offer aimed at attracting new users from the Middle East, North Africa (MENA), and South Asia regions. The offer provides an attractive 8% annual percentage rate (APR) on Bitcoin (BTC) Simple Earn products for a duration of 14 days.

Promotion Details

According to Binance, the promotional period runs from November 20, 2024, to December 3, 2024. The offer is exclusively available to users who have never subscribed to Simple Earn Locked Products before November 19, 2024. Eligible participants must complete the subscription process on a first-come, first-served basis.

Eligibility and Subscription

To participate, users must be verified Binance.com account holders located within the MENA and South Asia regions. New users can expect a 24-hour processing period before the offer becomes available to them. The subscription process involves locking BTC in a Simple Earn product, with rewards distributed to users’ Spot Wallets starting two days after the subscription.

Terms and Conditions

Binance has outlined several terms and conditions for the promotion. Users must complete their account verification to be eligible. The company reserves the right to adjust APRs after the promotional period without prior notice. Furthermore, users may opt for early redemption of their locked assets, but this will forfeit any accrued rewards.

The platform emphasizes that all actions must comply with Binance’s terms and conditions, and any fraudulent activities will lead to disqualification from the promotion. The company also reserves the right to amend or cancel the promotion at its discretion.

Additional Information

New users can view their locked product assets via the Binance app or website. The platform also highlights that redemption requests might experience delays due to high demand, but will resume once liquidity returns. The offer is part of Binance’s broader strategy to increase user engagement and retention in emerging markets.

This initiative aligns with Binance’s ongoing efforts to expand its reach and provide tailored financial products to diverse global markets. The company continues to stress the importance of understanding the risks associated with cryptocurrency investments, advising users to refer to their terms of use and risk warnings for more information.

Image source: Shutterstock