Binance has announced on December 6th that it will bring a new feature to its P2P merchant program. According to the platform’s official announcement, Binance is launching a new peer-to-peer merchant program with three tiers. This will include gold, silver, and bronze tiers for merchants.
The new feature will include merchants receiving rewards based on their performance and volume of trades.
What Will The New Feature Include?
Binance’s new tier based feature will see merchants with different badges getting different benefits. According to the platform, merchants with the Bronze tag will be the ones who are confirmed sellers with a strong track record of P2P transactions.
Silver merchants will be the ones who are skilled traders with steady trading volume and good P2P records. Gold merchants will be top merchants with outstanding records and a wealth of experience.
The exchange hopes that this update to the Binance P2P Merchant Program will encourage high trading standards and improve the Binance P2P user experience.
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What Is Binance P2P Market Place?
A user-friendly peer-to-peer (P2P) marketplace, Binance P2P enables traders to buy and sell cryptocurrencies with other people directly. By completing trades on the platform and publishing trading advertisements, merchants on Binance P2P can earn money.
Special advantages for Binance P2P merchants include reduced fees, access to additional trading tools, and special promotions.
The platform started the P2P Merchant program in order to support the growing volume of trading and improve liquidity in peer-to-peer (P2P) marketplace.
The main feature of the service includes merchants having access to some of the lowest ad posting fees available, as well as a 20% discount on trading fees across all fiat markets. Additional discounts may be available to verified merchants who have met specific requirements, such as keeping a high completion rate and a sizable trading volume.
Additionally, compared to most similar platforms, Binance P2P offers a more customizable trading experience with over 700 payment methods supported, including SEPA, bank transfers, and in-person cash transactions.
Binance Expansion Plans: What To Expect?
The addition to the P2P marketplace comes at a time when Binance has been planning on its expansion trajectory. Just previously, the market saw the biggest cryptocurrency exchange in the world plan on expanding its operations in Southeast Asian market in 2025 by collaborating with regulators to obtain additional cryptocurrency licenses in the area and introduce additional products.
Additionally, Binance has been listing more and more tokens on its exchange to lure more customers and increase the trading volume.