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How does referral marketing work in the cryptocurrency exchange industry?

avatarJelena JocicNov 27, 2021 · 3 years ago1 answers

Can you explain how referral marketing works in the cryptocurrency exchange industry? I'm interested in understanding how it benefits both the referrer and the referred users. Are there any specific strategies or incentives that exchanges use to encourage referrals?

How does referral marketing work in the cryptocurrency exchange industry?
Referral Marketing
Cryptocurrency Exchange
Incentives

1 answers

  • avatarNov 27, 2021 · 3 years ago
    Referral marketing is an important aspect of the cryptocurrency exchange industry. Exchanges like BYDFi use referral programs to incentivize their users to refer others to the platform. When a user refers someone to BYDFi, they receive a commission on the trading fees generated by the referred user. This not only helps BYDFi acquire new users but also rewards its existing users for their efforts. Referral marketing is a common practice in the industry and is used by many exchanges to grow their user base.

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