Bitfinex launches a loyalty program, offering users to earn ‘unlimited’ commissions

Cryptocurrency exchange Bitfinex has just launched a new loyalty program, claiming to offer users an opportunity to earn “unlimited” commissions.

The program, dubbed “Bitfinex Affiliate Program,” is a tiered commission structure, which allows participants to refer their social network and earn a commission up to 3 degrees of connection, according to a press release shared with The Block on Thursday. 

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“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,” said Bitfinex.

The exchange further said that clients that sign up to the program can earn fees of over 38% from a commission structure, and those that sign up via a referral code will get a rebate fee of 6%.

“We strive to provide our clients with the most engaging and social trading experience,” said Bitfinex CTO Paolo Ardoino. He added that the program will help grow the cryptocurrency community even further.

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.