Binance, a leading global cryptocurrency exchange, has announced the termination of its Referral Program for users based in Turkey. This significant shift aligns with local laws and regulations, emphasizing the company’s commitment to adhering to compliance standards and prioritizing user security.
What Happens to Existing Referral Codes?
As a result of this decision, all existing referral codes for the program are now inactive for Turkish users. New referral codes will no longer be available through the Binance platform. However, users who previously earned commissions from referrals will still receive earnings from transactions made by those users.
Will Other Services Be Affected?
Despite the discontinuation of the Referral Program, Binance assures that all other services and products provided to Turkish users will remain unchanged. Trading and access to various offerings will continue seamlessly on the platform.
Key takeaways from this development include:
- The Referral Program is entirely discontinued for Turkish users.
- Existing users can still earn commissions from prior referrals.
- No other Binance services will be impacted by this change.
This strategic alteration underscores Binance’s intent to fully comply with Turkey’s regulatory framework while maintaining operational continuity for its users. The exchange continues to focus on providing a secure trading environment despite adjusting its referral strategy.
