Binance’s P2P marketplace now provides clear pathways for growth, enabling traders to advance based on performance. This approach allows them to expand their influence and boost earnings.
By Godfrey Benjamin
Edited by Julia Sakovich
Updated
3 mins read
Binance, the world’s largest cryptocurrency exchange, has recently introduced an update to its Peer-to-Peer (P2P) Merchant Program. This upgrade includes a dynamic three-tier system: Bronze, Silver, and Gold. This shift aims to recognize and reward merchants based on their trade volume and performance. The exchange said this move will foster a competitive and rewarding environment for P2P traders.
The new structure is a strategic move to elevate trading standards on the platform. At the same time, it offers merchants an opportunity to enhance their reputation and earning potential. Each tier is designed to provide tailored benefits, reflecting the traders’ commitment and success within Binance’s ecosystem.
At the Bronze level, merchants begin their journey with fundamental tools to support their growth. This tier is reserved for newly verified traders who meet Binance’s initial eligibility requirements.
While their benefits are relatively modest, they are a critical starting point for traders to prove their reliability. From here, their consistent performance and higher trade volumes would pave the way for advancement to the next level.
The Silver tier caters to merchants who are committed to high trading standards. To qualify, traders must achieve a monthly trading volume of at least 6 BTC or 200,000 USDT USDT $1.00 24h volatility: 0.0% Market cap: $139.29 B Vol. 24h: $43.49 B . In addition, a trade completion rate of 98% or above is required.
This tier offers enhanced visibility and financial rewards, signaling a merchant’s growing influence on the platform. Silver merchants will enjoy privileges that further incentivize their dedication, setting them apart from the broader trading community.
Reaching the Gold tier is an accomplishment that highlights a merchant’s elite status within Binance’s P2P marketplace. This tier is reserved for those who exceed 60 BTC BTC $105 173 24h volatility: 0.4% Market cap: $2.09 T Vol. 24h: $20.99 B or 2,000,000 USDT in monthly trading volume while maintaining an exceptional 98% completion rate. This level provides unmatched benefits.
Gold merchants are regarded as the cornerstone of the platform, as they represent the highest standards of reliability, volume, and professionalism.
Binance’s tiered Merchant Program is more than a structural change. It is a statement of intent. Binance’s P2P marketplace now provides clear pathways for growth, enabling traders to advance based on performance. This approach allows them to expand their influence and boost earnings.
Similar to the accessibility offered by Binance Access’s API for fiat-to-crypto integration, this program encourages excellence and rewards merchants who meet volume and completion benchmarks with unparalleled benefits.
Also, the revamped P2P framework mirrors the innovation seen in its prepaid Binance Card initiative. These initiatives showcase Binance’s commitment to inclusivity, innovation, and usability in crypto. It aims to drive adoption while strengthening the ecosystem for traders and merchants.
These upgrades highlight Binance’s leadership in the digital space, combining innovation with user-focused design. The exchange creates a marketplace where higher standards benefit both merchants and users. This newly introduced tiered program reinforces Binance’s commitment to staying at the forefront of the P2P trading revolution.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.