Binance Launches USDT Simple Earn Promotion for MENA & South Asia New Users

Binance has announced a new promotion targeting new users in the Middle East and North Africa (MENA) and South Asia regions. According to Binance, eligible participants can subscribe to USDT Simple Earn Locked Products, offering an attractive 15% annual percentage rate (APR) for a period of 30 days.

Promotion Details

The promotion, which commenced on October 22, 2024, will run until November 20, 2024. It is exclusively available to new users who have not previously subscribed to Simple Earn Locked Products before October 21, 2024. Users must also complete their account verification to be eligible for this offer. The reward payout will begin two days after subscription and will be distributed daily into users' Spot Wallets.

Eligibility and Subscription

To qualify, users must be verified Binance.com users within the specified regions, excluding the United Arab Emirates and India. Subscriptions are processed on a first-come, first-served basis, and it may take up to 24 hours for new users to access the offer. The locked period for these products is one day, with an option for early redemption, although this will forfeit any rewards accrued.

Terms and Conditions

Binance notes that it reserves the right to adjust APR rates and modify the terms of the promotion at its discretion. Users are encouraged to review the Binance Simple Earn Terms & Conditions and the Risk Warning for comprehensive details. Additionally, Binance holds the right to disqualify participants suspected of fraudulent activities or violations of the terms.

The promotion aims to incentivize new users in the MENA and South Asia regions by offering competitive returns on stablecoin investments, amidst a growing interest in digital assets in these areas. As Binance continues to expand its reach, such promotions are strategic in attracting a broader user base and enhancing its market presence.