We are thrilled to welcome South Asian users to Binance Square! To celebrate, we're giving away $4,000 in BNB token vouchers. Follow “Binance South Asia” account and share the announcement post to get your share of the prize pool!
Campaign Period: 2024-09-04 00:00 to 2024-09-18 23:59 (UTC)
How to Participate:
Follow: Follow the Binance South Asia account on Binance Square – https://www.binance.com/en/square/profile/binance_south_asia Share: Share this announcement post across your other social media platforms.
Eligibility: 
This campaign is open exclusively to users who have completed KYC from South Asia (India, Sri Lanka and Bangladesh)
Rewards:
All eligible participants will share a $4,000 in BNB reward pool, with rewards capped at $1 per participant.

Follow Binance South Asia on Binance Square to stay updated on all our exciting campaigns and announcements!

Terms and Conditions:
The campaign is open only to users with KYC from South Asia (India, Sri Lanka and Bangladesh)Rewards are capped at $1 per participant.The BNB token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.

Risk Warning: Digital asset prices can be volatile. The value of your investment can go down or up and you may not get back the amount invested. Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. You are solely responsible for your investment decisions, and Binance is not liable for any losses you may incur. Not financial advice. For more information, see our Terms of Use and Risk Warning.

Binance’s journey in becoming the world’s leading cryptocurrency exchange has been laden with principles of user-centricity and commitment to our communities. It’s how we’ve reached 180 million users to date. Yet, we are constantly seeking ways to refine our user experiences so that you, Binancian, can trade in more optimal ways.  

Our latest trading survey, which garnered a broad swathe of responses, was conducted to gather insight on your motivation for using products, what incentives you’d prefer, the ease of discoverability for products, and your thoughts on our product suite. For a more concentrated understanding, we opted to survey those of you who trade using Pro Mode, with at least $5,000 in trading volume. 

For context, Pro Mode, which is catered to seasoned and active traders, offers versatile functionalities such as futures, options and margin trading, an advanced trading interface, as well as a broader portfolio of services. 
What Did We Learn? 

What was striking above all else is that 29% of traders (using Pro Mode) are seeking to make short-term gains as their primary objective when placing a trade on Binance, while 21% invest based on long-term goals. Meanwhile, 10% of those surveyed rely on trends to determine whether they will place a trade, and nearly 30% just simply buy and hold. 

When queried about whether they’d be open to using new products, over 50% of our respondents confirmed that they would do so dependent on if they received more incentives such as rebates for their losses on initial trades or flat token vouchers on the completion of new trades. A small minority (12%) wish to receive non-cash incentives such as gadgets or travel vouchers, while a larger majority (18%) prefer non-withdrawable bonuses to use as capital.

In addition, we found that market news, asset price movements and fundamental research primarily drive user decisions in terms of placing a trade on Binance. However, respondents were split when it comes to influencers on social media, the press and media, recommendations from friends or family members, and FOMO (Fear of Missing Out) having an impact on their trading decisions. 

We certainly hear that our respondents want more ease of accessibility when locating options, Launchpads/Launchpools, trading grid and bots and copy trading functionalities via Pro Mode, and we will endeavor to improve these experiences. Nonetheless, we were pleased to notice high accessibility ratings for locating spot and perpetual futures products on Pro Mode. Moreover, users awarded us an average of four stars or above in terms of their satisfaction with our current product suite across all products available via Pro Mode, with spot and convert products leading (60%) in terms of user preference, followed by derivatives (35%). 

We also found that a significant portion of derivatives traders (28%) rely on high leverage in order to increase their position sizes, while 22% are motivated to trade derivatives due to the potential opportunities of capitalizing on downward market movements. This corresponds to additional findings showing how 38% of respondents like to undertake higher risks through leverage to increase their notional profits in case their trade thesis is correct.

Try Pro Mode Today

Going forward, we’ll be refining our app based on the aforementioned findings, and we invite you to participate in future surveys of this nature so that you can trade better, every day, with Binance. 

Get started with Pro Mode today and gain access to Binance’s full ecosystem. Click here to learn more and click here to download the Binance app.