Bitfinex Launches Affiliate Program with ‘Unlimited’ Commission

Crypto Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Bitfinex on Thursday launched an affiliate program for the traders on the exchange.

Similar to any other affiliate program, it will have a tiered commission structure, allowing the Affiliates Affiliates Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers compensate affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition The bro Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers compensate affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition The bro Read this Term to earn a percentage of the trading fees for up to three levels of referrals within their network.

The Bitfinex Affiliate Program is here!

Join now and discover an entirely new way of growing your earnings in crypto!https://t.co/Vtl9vVO5tR pic.twitter.com/XJw7oobwV2 — Bitfinex (@bitfinex) October 17, 2019

The exchange believes that this will increase community engagement among the traders.

“We strive to provide our clients with the most engaging and social trading experience,” Paolo Ardoino, chief technology officer at Bitfinex, said. “We’re proud to launch the Bitfinex Affiliate Program and we believe that this program will help grow our crypto community even further.”

Lucrative incentives to the affiliates

The exchange detailed that the clients signing up for the program can earn fees of more than 38 percent in commission from three levels of affiliate’s referral network. In addition, the exchange will also offer a rebate of six percent to those signing up with an affiliate link.

“The Bitfinex Affiliate Program’s tiered commission structure enables affiliates to earn a percentage of the trading fees for up to three levels of referrals within their network,” the exchange noted. “When affiliates and their referrals meet certain requirements, such as verifying an account and/or accumulating holdings of at least 500 Tethers (USDt) worth of UNUS SED LEO tokens, affiliates will also be entitled to multipliers of up to 2.16x on their commission.”

Though Bitfinex has just introduced its affiliate program, most of its rivals have been using the strategy for a while to incentivize use of their respective platform.

“Everyone can be an ambassador for crypto. You don’t need to be an experienced crypto trader or a technologically savvy person who understands cryptographic calculations to promote the ecosystem. You only need to believe in crypto,” Bitfinex noted.