New methods to get VIP level on Binance
Binance has launched programs to obtain VIP level: VIP Holders Program and VIP Invitation Program. All users who have deposited the required amount of funds will be allowed to participate in the first program. New users who have reached the required trading volumes on other exchanges will be allowed to participate in the second program.
VIP Holders Program
All users who have deposited the amount of funds that meets the requirements of Binance can participate in the program. This method allows you to get up to VIP 4 level. If the application is approved by the manager, the user will receive the VIP level within three working days.
The effective term of the status is two months, but it can be extended as long as the user reserves the required amount of the deposited funds.
VIP Invitation Program
New users, who will prove that their traded volume on other exchanges over the past 30 days meets the requirements of Binance, will be eligible for this program. They will get a VIP one level higher than what they would have received with the same trading volume on Binance. Recently, the exchange has implemented new reduced requirements for obtaining VIP status, which will help to receive a higher level when taking part in the program.
The status is valid for two months. It cannot be extended.
Binance lately has been looking to expand its presence around the world. For this reason, the management of the company decided to open a headquarters and establish relations with regulatory authorities from different countries. The office of the exchange may be placed in France, Ireland and the UAE.
Recently it was reported that new directors of Binance in the CIS region were appointed. Such a solution will allow the exchange to expand the list of services available in the region, and also boost compliance with the legal norms in the crypto sphere.