Trade on Binance Options RFQ & Stand a Chance to Get Up to 2,100 USDT in Token Vouchers!
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
To celebrate the launch of Binance Options RFQ, Binance OTC is extending a new promotion to reward the community! During the Promotion Period, eligible users may complete trades on Options RFQ and stand a chance to each get up to 2,100 USDT in token vouchers.
Promotion Period: 2024-02-20 09:00 (UTC) to 2024-03-19 23:59 (UTC)
Promotion A: Trade at Least 500,000 USDT Equivalent on Options RFQ to Earn 100 USDT
During the Promotion Period, the first 20 users who reach a total options notional trading volume* of at least 500,000 USDT equivalent at Binance Options RFQ (including buys and sells) will each receive a 100 USDT token voucher.
Promotion B: Become One of the Top 20 Options RFQ Traders to Get Up to 2,000 USDT
Users who reach a total options notional trading volume* of at least 2M USDT equivalent at Binance Options RFQ (including buys and sells) during the Promotion Period, will be ranked by their total options notional trading volume at Binance Options RFQ during the Promotion Period.
The top 20 users will be eligible to receive up to 2,000 USDT in token vouchers each, as per the table below.
Rewards Structure:
* Please Note: Only new trades on Binance Options RFQ that are fulfilled during the Promotion Period, will count toward the calculations of users’ total options notional trading volume during the Promotion Period.
About Binance Options RFQ:
Binance Options RFQ allows users to submit a Request for Quote (RFQ) for options trades directly with the Binance OTC Trading Desk. Users may leverage Options RFQ’s institutional-grade liquidity now, and complete large-sized options trades over-the-counter at more competitive prices and zero fees.
Guides & Related Materials:
Terms and Conditions:
The aforementioned promotions are only available to users who are enabled to use Binance Options RFQ, and may not be available or may be restricted in certain jurisdictions or regions, or to certain users, depending on legal and regulatory requirements.
All eligible users must complete identity verification and own a Binance Options account to complete trades on Binance Options RFQ and qualify for any rewards.
Binance will use the corresponding trading pair prices on Binance Spot at the time that closely matches the timestamp when each Options RFQ trade is fulfilled to calculate users’ options notional trading volumes, at its own discretion.
Trading volumes on Options RFQ will count toward the options trading volume requirements in the Binance Options VIP Program.
Rewards from Promotion A and B are not mutually exclusive. Users may receive a maximum of one reward from each promotion.
Rewards will be distributed within two weeks after the promotions end. Users will be able to log in and redeem their token voucher rewards via Profile > Rewards Hub.
The validity period for the token voucher is set at 14 days from the day of distribution. Learn how to redeem a voucher.
Sub-accounts will not be viewed as independent accounts when participating in the Promotion.
Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk account registrations, as well as trades that display attributes of self-dealing or market manipulation.
Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms without prior notice, including but not limited to canceling, extending, terminating or suspending these promotions, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants of these promotions shall be bound by these amendments.
Binance’s decisions with respect to all aspects of these promotions are final and non-appealable.
Options RFQ is subject to the terms of the Binance OTC Terms and Binance Options Service Agreement.
Binance Terms and Conditions for Prize Promotions apply to the aforementioned promotions.
There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-02-20
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reason without prior notice.
Disclaimer:
Trading Options carries risks, including the potential for significant losses in a short period of time. Please ensure you have carefully read and understood the terms under the Binance OTC Terms and Options Service Agreement.
The Options RFQ only supports trading for one Call Contract or Put Contract for any Option at a time, which may affect your ability to execute strategies using multiple Option positions.
The platform determines the settlement amount at an option's expiration. If positive, the option is automatically exercised; if not, the option expires.
For Qualified Users who are permitted to write/issue Option Contracts and take Short Positions, for the purposes of this Risk Disclosure, Short Positions shall mean disposing of Eligible Digital Assets by borrowing them and to purchase them back when their price declines. Please note that leverage can boost potential profits but also potential losses. All quotes must meet initial margin requirements and pass position risk limit checks. Rapid market swings might prevent you from adjusting or exiting your position.
You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur.
Past performance does not reliably predict future performance. Invest only in products you fully understand and are comfortable with the risks. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.