Size of Opportunity
A typical day in 2024 sees over $40B in trading volume on Binance.
If the average trading fee is 0.05% (a conservative assumption as some traders get lower fees because they move so much money); Binance is making over $7B a year from trading fees.
The average fee saving with the REF is 35%. If all those users had signed up to Binance via REF, they would have saved $2B. So if REF can capture just a tiny share of Tier 1 exchange users in onboarding, we can save them many $millions a year.
REF Target
If REF captures just 0.1% of new exchange users, we would be saving users over $20M a year, earning $5M+.
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