Binance Referral Program Offers $100 in Trading Credits

Binance has launched a referral program that offers new users up to $100 in trading credits through the Referral Pro and Referral Lite options. The program, updated on January 1, 2026, allows users to earn up to a 20% trading-fee kickback on eligible products such as Spot, Margin, and Futures trading. This incentive is part of Binance's ongoing strategy to attract and retain users via organic growth and referral incentives according to the platform's announcement.

The referral code ASYQFPUG, mentioned in the updated program, provides users with a 20% commission kickback on their trading fees. Rebates are typically settled in USDC and credited within up to six hours in many regions. However, the program details emphasize that this is a rebate, not an instant discount, and is subject to Binance's rules and jurisdictional eligibility as outlined in the program details.

Users must register with the referral code during sign-up, as changes cannot be made afterward. Additionally, the referral benefits vary by product and region, with Futures rebates potentially expiring after 12 months unless extended by the inviter's tier status according to program guidelines.

Why the Move Happened

Binance has historically focused on organic growth rather than traditional advertising strategies used by competitors like Coinbase or Crypto.com. This referral program reinforces the platform's strategy to leverage user networks for expansion while maintaining competitive trading fees according to industry analysis.

The referral system is structured to provide ongoing incentives through Referral Pro or one-time campaign-based bonuses via Referral Lite. This dual approach targets different user segments, with Referral Pro focused on long-term engagement and Referral Lite on quick, task-driven incentives as described in the program structure.

How Markets Reacted

The referral program has led to increased user participation, particularly among those looking to reduce trading costs. However, users are advised to be cautious about zero-fee trades, which may not qualify for rebates. Additionally, the program does not combine with other fee-reduction methods like VIP tiers or BNB fee deductions, but the benefits can overlap in practice according to platform policy.

Regional restrictions remain a key factor, with participation limited in several jurisdictions. For example, users from Singapore, UAE, Israel, Japan, and others may not qualify for certain benefits as per eligibility requirements.

What Analysts Are Watching

Analysts are monitoring how Binance's referral incentives compare with those of other platforms, particularly in light of recent regulatory scrutiny in the crypto space. The use of USDC as the default settlement token for rebates has also drawn attention, as stablecoin regulations evolve globally according to market analysis.

The effectiveness of referral campaigns in sustaining user growth will be a key indicator of Binance's long-term competitiveness. Analysts are also observing whether referral-based strategies will influence broader adoption of crypto trading among retail investors.