Marco Verch / Flickr

Singapore-based crypto exchange KuCoin revealed a new affiliate program today with higher commissions and a more selective approval process.

According to the announcement, the program pays affiliates 50% of each referral’s trading fees over their entire time on KuCoin. This means that 50% continues even if the official program comes to an end.

This stands in contrast to KuCoin’s more general referral program, which pays 20% commission for each invitee’s first year of trading. However, unlike the referral program, which is open to all accounts, the new affiliate program has an application process.

“Any KuCoin user who has a website, blog, YouTube or other social network channel with considerable users or subscribers base may have a chance to be an affiliate partner,” states the KuCoin team in the announcement.

The launch of the new affiliate program comes as the crypto market digests the recent news that Binance will be removing users from the United States and launching a dedicated US exchange with limited listings to become fully compliant with US regulators.

Notably, the exchange’s token, KCS, has benefited from Binance’s announcement, as traders bet on KuCoin gaining new users from the United States.

More: Introducing the KuCoin Affiliate Program
Related: Binance Announces Partnership with BAM to Launch US Exchange
Image: Marco Verch / Flickr

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

Voyager