I've been using this exchange for some time now and recommending it to other users in chats, here is some info about it and some things I like and dislike about it.

Binance is a new exchange focusing on coin to coin trades. It's one of the first in the world to target multi-language availability, starting with english and chinese and adding korean and japanese next.

The exchange recently surpassed Bittrex which has been one of the leading exchanges in volume for a long time after Poloniex difficulties during the summer. Needless to say it's quickly becoming very popular, the referral system they use might be a big reason to it. The user with most commission from referrals to this day has received over 40 BTC. You receive half of the fees users spend on their trades which consist of 0.05% if you use binance coin for them, which means the referrer earns 0.025% out of that. It also has lower withdrawal fees than many other exchanges, I've been able to withdraw BTC for only 0.0005 BTC.

Program Details
The commission you receive from the referral program will initially be set at a rate of 50%. This will then be adjusted after a certain period of time based on the situation.
The fee commission will be sent instantly in real-time to your Binance account as your referee completes each trade and will be paid to you in whatever token/cryptocurrency the original fee was paid in.
There is no limit to the number of friends you can refer, although we do reserve the right to adjust or change the referral program rules at any time.
The referee must be signed up through your Referral Link, QR Code or Referral ID.
We will check for duplicate or fake accounts and will not pay out referral bonuses on these accounts. Duplicate or shared finances will result in disqualification.

If you are kind enough, please use my referal link: Here is my referral link that you can use to open your new binance account,

https://www.binance.com/?ref=13608328

Sources,

Binance.com