Binance has launched a surprise crypto airdrop tied to its Web3 wallet usage before the new year. Traders completing a single wallet swap enter drawings for prizes ranging from 1 Shiba Inu to 1 BTC.

The largest cryptocurrency exchange announced the airdrop campaign via X on Tuesday.Binance will airdrop $500,000 in Bitcoin and altcoins to people using its Web3 Wallet.

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The company didnt provide many details except for the New Years Eve deadline. Users can win a full bitcoin, depending on the airdrops terms and conditions.

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Binance first stoked anticipation for the crypto airdrop on December 3rd by tweeting a smartphone swap and airdrop emoji. Intriguingly, the tweet included the word soon, leaving the community in suspense and speculating about a potential major announcement.

The airdrop promo aims to drive the adoption of Binances non-custodial wallet, allowing asset control using private keys. The exchange announced the giveaway, which was one of the first ones, following a hectic month of November. In addition, the exchange also launched the Web3 wallet on November 8, pushing self-custody.

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November witnessed a drastic change for Binance, as the exchange was asked to pay $4.3 billion for a legal settlement. To everyones surprise, the exchanges founder and CEO, Changpeng Zhao, also stepped down. Following his departure, Richard Teng took over the throne as CEO.

In one of the most recent announcements, the exchange also announced zero-fee trading for six FDUSD spot and margin trading pairs. These include BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, LINK/FDUSD, SOL/FDUSD, and XRP/FDUSD.

Milk Road Writer

Vignesh has been a seasoned professional in the crypto space since 2017. He has been writing for over 5 years and specializes in writing and editing various types of crypto content, including news articles, long-form pieces, and blog posts, all focused on sharing the beauty of blockchain and crypto.

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Binance Announces Mystery Airdrop With Exciting Rewards - Milk Road