Binance exchange commission update: Will double the prizes

Binance has issued a new announcement on the reference system. According to this announcement, the reference award will be 40 per cent for users holding at least 500 BNB.

The statement said:

“Binance will double its commission prizes for all accounts that hold 500 BNB or more starting on May 19, 2018 00.00 (TUE May 20, 2018 03:00). The commission rate for all other users will remain at 20%. ”

BNB price increased by about 20 percent
Following this announcement, the price of Binance Coin (BNB) has gained about 20 percent. At the moment a BNB is trading at 14.20 pounds.

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