Binance is expanding its presence in Africa with a new P2P merchant referral campaign aimed at boosting local trading activity. According to the results published in the material, the initiative, which runs from October 8 to November 7, targets around 20 African markets, providing incentives for both referrers and new merchants.
Campaign Overview
The campaign includes key countries such as:
- Kenya
- Ghana
- South Africa
- Uganda
- Rwanda
- Zambia
- Zimbabwe
Incentives for Participants
Participants can earn rewards of 50 USDT each if the new merchant successfully completes at least 10 trades with different counterparties and achieves a trading volume of 10,000 USDT within a 30-day period.
Strategic Goals
This strategic move by Binance is designed to increase the number of active merchants in the P2P trading sector, ultimately enhancing liquidity and expanding trading options for users across the continent. By incentivizing local participation, Binance aims to strengthen its foothold in the rapidly growing African cryptocurrency market.
In addition to its new P2P merchant referral campaign in Africa, Binance has launched a spot trading competition for the MET token, featuring a prize pool of 400 BNB. For more details, visit read more.
