Binance is the largest centralized exchange according to the trading volume and has its native token. To expand its reach, Binance has taken one more step, introducing the VIP program. This blog will cover ‘what is this VIP program and how it will affect the BNB prices.’
Understanding the Binance (BNB) VIP Program
Binance has expanded its VIP program to traditional asset trades, dealing in high volume. This program is for new crypto users and standard asset users. After yesterday (28 February), the users can use their spot or futures trading volume in the aggregate to be considered high trading volume and become eligible for this program.
Binance has set $1 Million trading volume to be eligible for the VIP status. It will attract users who have recently stepped back from the crypto market because of the volatility and regulatory issues.
Head of Binance, Catherine Chen,…
