Binance’s Black Friday Blowout: Limited-Time Discounts on Major Crypto Tokens

Crypto giant Binance just dropped a Black Friday bombshell—and traders are scrambling for their wallets.

Discount buying frenzy hits major tokens

The exchange's surprise promotion slashes prices on blue-chip cryptocurrencies, offering rare below-market entry points. No percentages disclosed—because in crypto, the real discount is whatever price you get before the next whale dumps.

Timing is everything

Launched months before actual Black Friday, the move smells like a liquidity grab dressed as holiday cheer. But when exchanges play Santa, even cynical traders check their lists twice.

One question remains: Will these 'discounts' hold when the crypto market does its famous 20% overnight swan dive?

How Binance users can make use of Discount Buy

Users who subscribe to Discount Buy have two options: either purchase crypto at a discounted rate in the future or earn fixed annualized rewards if market prices rise. The product appeals to those looking for a strategic entry into the market without committing to current prices.

Before subscribing to Discount Buy, users must first select one of three key parameters: Target Buy Price, Settlement Price, Knockout Price, and the Settlement Date.

The Target Buy Price is typically lower than the current market price, while the Knockout Price is the price at which the user will no longer choose to buy the crypto asset they had their sights on. The Settlement Price is the average price during a 30-minute window on the Settlement Date, which determines the final outcome.

What happens on the Binance settlement date?

By the time the deadline of your Binance Discount Buy rolls around, there are a few outcomes that could occur. Based on the Settlement Price, your funds will either buy crypto, earn rewards, or a mix of both.

• If the settlement price set by the user is less than or equal to the target buy price, then the user will be able to use up 100% of their investment into buying crypto at the set target buy price.
• If it’s between the Target and Knockout Price, half the user’s funds will be used to buy the crypto asset. Meanwhile, the other half is returned in stablecoins.
• If it’s at or above the Knockout Price, the user does not purchase the crypto. Instead they will receive their investment back in full alongside additional APR rewards.