As part of the Binance Broker program, more than 100 brokers work together to expand the blockchain ecosystem of the exchange in equal measure. Further growth is therefore expected with the introduction of the new Binance Futures Broker bonus program.
Last September 2019, Binance started its brokerage program with the aim of entering into cooperations with the most important crypto brokers around the world. Providing order comparison, account management and settlement systems for related brokers.
In addition, they want to continuously improve the program in the coming months. As in the example of February, when Binance was able to improve the program to include access to Binance futures. Now one of the best crypto markets in the world.
Broker program growth
Each of the partner brokers can earn substantial discounts and commissions on the trading fees that Binance incurs.
The partners also benefit from Binance’s liquidity. The advantages include: depth of market, asset management, security infrastructure and personalized marketing support.
In addition, the best brokers are rewarded with 10% of the income generated by the program.
With this in mind, the platform has given more than 100 brokers access to Binance brokers in the past six months. What it includes: trading platforms, bots, asset management teams, crypto wallets and much more.
Thousands of users have been activated through these brokers in the cash and futures markets. This leads to an additional daily trading volume of approximately USD 100 million.
Brokers also play an important role in Binance’s market growth initiatives. Like the current Binance Futures trading tournament, in which more than 30 participating teams come from users recommended by brokers.
Within the markets in which they operate, each of the brokers can offer their respective benefits based on Binance technology.
The program has different scenarios
The program has grown for both Binance and the brokers who are part of the program. They can provide different growth scenarios and include encrypted data companies, exchanges, wealth management services and traditional financial services.
The companies that monitor the program also benefit from the program by integrating commercial information into Binance in real time and making it available to their users as an added value.
On the other hand, the program enables small and medium-sized exchanges to access data and technology from the largest crypto exchange in the world. In return, they may be less worried about other things like liquidity and market depth.
Asset management services specializing in wealth management are aimed at a small group of high-priority clients.
With crypto exchange and acquisition services, asset managers can vary their wallets and explore new growth opportunities in Binance’s different markets and solutions.
Finally, traditional financial services can recognize the value of the project by integrating it into a crypto exchange. Similar to how asset management services offer their customers a high priority.
In this way, an innovative financial services company can find ways to use the crypto markets and offer growth opportunities to its customers.
Being a runner is a comforting thing
Binance is currently endeavoring to make the scenarios for partner brokers and future brokers, in particular for Binance futures, more pleasant. Around 50% of current brokers support Binance futures.
The platform also expands its support network for brokers and offers new partners more space. Add talented people to the program to drive further growth.