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Activity Period: 2024-04-16 00:00 (UTC) to 2024-04-30 23:59 (UTC)
How to Get Started
Step 1: Visit the landing page.Step 2: Click the “Do it” button next to the corresponding mission.Step 3: Complete missions during the Activity Period to get a corresponding number of Activity attempts. Other ways of completing a mission shall be deemed invalid.Step 4: To make an Activity attempt, click “GO” on the landing page. The cursor will rotate and settle on a square, which represents the outcome of the attempt.
What Are the Prizes
5 Binance Points10 Binance Points20 Binance Points50 Binance Points100 Binance Points150 Binance Points200 Binance PointsA share of a 200,000 Binance Point Rewards Pool amongst all eligible participants who qualify for this prize, which will be distributed within 72 hours after the Activity ends
What Can Be Redeemed with Binance Points
1 - 50 USDT Trading Fee Rebate Vouchers1 - 10 USDT Token Vouchers
How to Get Attempts
Complete the missions below to unlock Activity attempts:
Successfully refer one friend to sign up for a Binance account and complete KYC to unlock two Activity attempts.Trade at least 500 USDT equivalent in total volume (buys and/or sells) on any spot trading pairs to unlock one Activity attempt.Trade at least 200 USDT equivalent in total volume (buys and/or sells) on any BTC spot trading pairs to unlock one Activity attempt.Trade at least 100 USDT via Binance P2P in a single transaction to unlock one Activity attempt.Purchase at least 100 USDT worth of crypto via the “Buy Crypto” function in a single transaction to unlock one Activity attempt.Deposit funds worth at least 100 USDT via Fiat Deposit in a single transaction to unlock one Activity attempt.
Notes:
Each mission can only be completed once every 72 hours by each participant during the Activity Period. The 200,000 Binance Point Rewards Pool will be distributed to all eligible users who win the reward, based on the number of times a user has won the reward in proportion to the total number of times all eligible users have won the reward.
About Binance Points
Binance Points are reward points offered by Binance's loyalty program. Users can accumulate Points by completing tasks, joining activities or completing point-based activities in the Rewards Hub. The Points can be used to claim rewards in the Rewards Shop, such as token vouchers.
Complete Missions Now!
Only users who complete KYC are eligible to participate in the Activity.To participate in the Activity, users must click the “Do it” button next to the corresponding mission first. After that, users may complete the mission at any time during the Activity Period to get Activity attempts. Other ways of completing a mission shall be deemed invalid.While Binance Points from the successful Activity attempt will be distributed to users when they complete the attempt, Binance Points from the 200,000 Binance Point Rewards Pool will be distributed within 72 hours after the Activity ends.Users will be able to log in and redeem a variety of rewards using Binance Points via Profile > Rewards Hub. Please note that each Binance Point will expire on the last day of the same month of distribution in the following year, if it is not used to redeem rewards at the Rewards Hub. For more information on Binance Points, please refer to the FAQ. Non-Binance users may click here to register for a Binance account and get a 10% spot trading fee discount. The 10% spot trading fee discount will remain valid as long as the Binance referral program is in place. Sub-account’s trading volume will not be combined with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this Activity.Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk account registrations, as well as trades that display attributes of self-dealing or market manipulation.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-04-16

The week started on a strong note, with Bitcoin rising above $66,000, a 3.02% increase over the past day owing to Hong Kong’s ETF development.

With spot cryptocurrency ETFs being all the roar, Hong Kong has joined the trend by granting approval for several spot Bitcoin and Ethereum ETFs on Monday.

Hong Kong Welcomes Spot Bitcoin, Ethereum ETFs

The latest move reflects the city-state’s ongoing efforts to establish itself as a leading crypto hub in the region.

China Asset Management, a prominent asset manager, announced that its Hong Kong division has been given the green light by the Hong Kong Securities and Futures Commission (SFC) to offer retail asset management services linked to spot crypto ETFs. The next step will be to launch spot Bitcoin and Ethereum ETFs in partnership with OSL and BOCI International.

Harvest Global Investments also revealed that its two spot crypto ETFs have received initial approval from the SFC. The company has roped in OSL to launch these ETFs to address concerns such as excessively high margin requirements.

The Hong Kong regulator has also approved Bosera Asset Management, a Hong Kong-based unit of a major Chinese asset manager, and HashKey Capital to manage two spot crypto ETFs jointly.

The SFC’s approval comes less than a week before the highly anticipated Bitcoin halving event, sparking further optimism in the cryptocurrency market.

Hong Kong’s Crypto Ambitions

Hong Kong has been fiercely competing with Singapore and Dubai to position itself as a central hub for cryptocurrency companies. The city-state introduced a regulatory framework for virtual asset service providers in June 2023 and has since granted approval to platforms operated by HashKey Group and OSL Digital Securities.

However, a setback came in the form of JPEX last year, which was an unlicensed crypto exchange that triggered almost HK$1.6 billion (worth around $200 million) fraud. Despite this, authorities have continued their efforts to attract crypto entrepreneurs.

The Crypto Market Recovers

The weekend was particularly brutal for Bitcoin’s price, as well as the overall cryptocurrency market. However, the news of Hong Kong approving spot BTC and ETH ETFs has coincided with a recovery rally throughout the entire industry.

BTC increased by 3.1% in the past 24 hours, while ETH is up by almost 6%.

Other altcoins are also in the green. Solana is up by 7.4%, which may also have to do with the fact that the team behind it just rolled out an update to tackle network congestion.

The post Hong Kong Greenlights Spot Bitcoin and Ethereum ETFs as Crypto Market Bounces appeared first on CryptoPotato.