Binance Launches $60,000 Ethereum Promotion Ahead of Major Dencun Upgrade

Ahead of Dencun’s major upgrade to Ethereum, Binance launched a trade promotion with $60,000 in rewards for users who trade ETH and other ecosystem tokens.

Binance has announced a promotion with $60,000 in rewards for trading Ethereum and related tokens ahead of the major Dencun network upgrade. The promotion runs from March 1st to March 13th and has two components – one focused on spot trading of the Ethereum ecosystem and another on trading specific low-cap assets.

For the first promotion, users who trade a minimum of $3,500 equivalent volume on selected Ethereum-based pairs can share a pool of 20,000 FDUSD in token vouchers. The first 1000 traders by volume will receive rewards, with the first place trader receiving 2000 FDUSD. Eligible pairs include ARB/USDT, COTI/USDT, ETH/USDT, IMX/USDT, LRC/USDT, MANTA/USDT, MATIC/USDT, OP/USDT and STRK/USDT.

The second promotion offers $5 vouchers for trading COTI, FIS, NEAR or QI, up to $20 total for trading all four. Users must trade $100 of each token to be eligible. However, those who already owned the assets before March 1 are excluded.

Binance is running this promotion to drive interest and trading activity around the upcoming Ethereum Dencun hard fork upgrade. Dencun is implementing key improvements such as lower gas fees and improved scalability. The promotion encourages users to gain access to Ethereum and related projects before the main network upgrade.

Major exchanges like Binance often run promotions related to significant crypto events. By offering trade rewards and bonuses, they aim to attract more user activity. With the Ethereum merger last year and now the Dencun upgrade, Binance is benefiting from the increased interest.

The exchange has outlined full details and eligibility conditions in its announcement. Both new and existing Binance users can participate, with rewards distributed within 21 days of the promotion ending. Vouchers will expire two weeks after they are allocated if not claimed in time.

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