As Binance conducts regular reviews of its programs to provide users with the
most value and competitive services, Binance will be updating itsUSDⓢ-Margined
Futures Liquidity Provider Program
effective from2024-06-03 00:00 (UTC).
Key Highlights:
*
The “Quoting Ranking” review stream will be removed from the program
qualification review system starting from2024-06-03 00:00 (UTC). Users may
qualify for the program by meeting the new standards below.
*
Maker fee rebates will be updated at approximately 2024-06-11 12:00 (UTC) for
users who qualify for the program criteria.
The new Binance USDⓈ-Margined Futures Liquidity Provider Program is as follows:
Tier
Program Qualification Criteria
Fee Structure
Weekly USDⓈ-M Futures Maker Volume %
And/Or
Weekly USDⓈ-M Futures Maker Volume % (Excluding That on BTC and ETH Pairs)
Maker Fees on USDT-M Pairs
Maker Fees on USDC-M Pairs*
Taker Fees on USDⓈ-M Futures
1
0.20%
Or
0.20%
-0.003%
-0.006%
Standard taker fees as per user’s VIP level
2
0.60%
Or
0.60%
-0.004%
-0.007%
3
1.50%
Or
1.50%
-0.005%
-0.008%
Regular
< 0.20%
And
< 0.20%
Standard maker fees as per user’s VIP level
Standard maker fees as per user’s VIP level
* Notes:
*
All qualified liquidity providers will stand to enjoy 0.008% maker fee rebates
on USDC-margined futures contractsfrom 2024-01-03 12:30 (UTC) to 2024-07-01
23:59 (UTC) (hereinafter referred to as “Promotion Period”).
*
Standard maker fee rebates on USDC-margined futures contracts will apply to
all qualified liquidity providers after2024-07-02 04:00 (UTC), as per the
program requirements above.
How to Participate:
*
Users who have a minimum futures trading volume of $100,000,000 equivalent or
a minimum spot trading volume of $20,000,000 equivalent over a 30-day period on
Binance or other platforms may apply for this program.
*
Successful applicants will be eligible for a three-week grace period, where
they will be granted Tier 1 maker fee rebates on USDT-margined futures
contracts, and be exempt from weekly reviews.
*
Please note that these successful applicants will stand to enjoy 0.008% maker
fee rebates on USDC-margined futures contracts during the overlap between the
three-week grace period and the Promotion Period (where applicable), and
receive Tier 1 maker fee rebates on USDC-margined futures contracts for the
remaining grace period.
*
To apply for this program, please provide proof of your trading volume to
mmprogram@binance.com
key account coverage team.
Qualifications:
A: To qualify by weekly USDⓈ-M futures maker volume over the total Binance
USDⓈ-M futures maker volume
*
Weekly USDⓈ-M futures maker volume % = (USDⓈ-M futures maker volume over the
week / total Binance USDⓈ-M futures maker volume over the week) * 100%.
*
At the end of each week, the weekly USDⓈ-M futures maker volume % for each
participant will be calculated, and maker fee rebates are awarded to eligible
participants whose weekly USDⓈ-M futures maker volume % is equal to or above
0.20%.
B: To qualify by weekly USDⓈ-M futures maker volume (excluding BTC and ETH
pairs) over the total Binance USDⓈ-M futures maker volume (excluding BTC and
ETH pairs)
*
Weekly USDⓈ-M futures maker volume % (excluding BTC and ETH pairs) = (USDⓈ-M
futures maker volume over the week (excluding BTC and ETH pairs) / total
Binance USDⓈ-M futures maker volume over the week (excluding BTC and ETH
pairs)) * 100%.
*
At the end of each week, the weekly USDⓈ-M futures maker volume % (excluding
BTC and ETH pairs) for each participant will be calculated, and maker fee
rebates are awarded to eligible participants whose weekly USDⓈ-M futures maker
volume % (excluding BTC and ETH pairs) is equal to or above 0.20%.
Notes:
*
Binance will provide daily and weekly reports to all participating liquidity
providers, which contain details of their performances.
*
Liquidity providers will be reviewed on a weekly basis (Monday 00:00 UTC to
Sunday 23:59 UTC).
*
Maker fee rebates are paid immediately upon trade execution. All liquidity
providers’ eligibility to receive maker fee rebates is reviewed and adjusted
once a week based on the previous week's performance on all qualified pairs.
*
Fee tier adjustments are automatically updated every Tuesday around 04:00
(UTC).
*
Participants with unqualified weekly results for three consecutive weeks will
be removed from the program. New applications shall be submitted with a gap of
one month from the expiration of the last trial.
*
New participants will enjoy Tier 1 maker fee rebates for USDT-margined futures
contracts for the first three weeks. In addition, they will stand to enjoy
0.008% maker fee rebates on USDC-margined futures contracts during the overlap
between the three-week grace period with the Promotion Period (where
applicable), and receive Tier 1 maker fee rebates on USDC-margined futures
contracts for the remaining grace period.
*
From the second week, if the performance of new participants qualifies them to
obtain a tier higher than Tier 1, then these participants will enjoy higher
maker fee rebates corresponding to the higher Tier.
*
From the fourth week, only new participants who show qualified performance in
the third week of the three-week grace period will enjoy maker fee rebates
according to the aforementioned program structure.
*
Participants who join the program for more than three weeks will have their
fee settings updated each Tuesday around 04:00 (UTC) based on the previous
week’s performance.
*
The program’s main goal is to provide liquidity and depth to the Binance
USDⓈ-margined futures market. Binance reviews the effectiveness of this program
regularly. The program requirements will be adjusted periodically as new pairs
are added and as market conditions change. Binance will, on a best efforts
basis, provide one week’s notice before introducing any new changes to the
program. However, where this is not practicable, Binance reserves the right to,
at its sole discretion, make changes without prior notice.
*
Self-trades will be excluded from maker volume calculations.
*
Binance reserves the right to disqualify trades that are deemed to be wash
trades or illegal bulk account registrations, as well as trades that display
attributes of self-dealing or market manipulation.
*
All trading volume and metrics related to the promotion are measured by
Binance at its sole and absolute discretion.
*
Binance reserves the right to amend or terminate this promotion at its sole
discretion due to important reasons, including but not limited to:
*
Changes in applicable regulations or policies;
*
Obligations arising out of law or decisions issued by common courts or public
administration;
*
Anti-money laundering or combating financing terrorism rules;
*
Technical issues beyond our control;
*
Necessity to protect users from potential losses;
*
Necessity to protect Binance from the loss of reputation;
*
Extraordinary events or circumstances beyond our control (force majeure).
*
Refer to the VIP and Institutional Services
page for more details.
*
There may be discrepancies in the translated version of this original article
in English. Please reference this original version for the latest or most
accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-04-25
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
Find us on
*
Telegram
*
X
*
*
Binance reserves the right in its sole discretion to amend or cancel this
announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices can be volatile. The value of your investment
may go down or up and you may not get back the amount invested. You are solely
responsible for your investment decisions and Binance is not liable for any
losses you may incur. Futures trading, in particular, is subject to high market
risk and price volatility. You may be called upon at short notice to make
additional margin deposits or interest payments. If the required margin
deposits or interest payments are not made within the prescribed time, your
collateral may be liquidated without your consent. Moreover, you will remain
liable for any resulting deficit in your account and interest charged on your
account. All of your margin balance may be liquidated in the event of adverse
price movement. Past performance is not a reliable predictor of future
performance. Before trading, you should make an independent assessment of the
appropriateness of the transaction in light of your own objectives and
circumstances, including the risks and potential benefits. Consult your own
advisers, where appropriate. This information should not be construed as
financial or investment advice. To learn more about how to protect yourself,
visit ourResponsible Trading page
. For more information,
see ourTerms of Use and Risk Warning
.
Introduction To Crypto
a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography.All
Crypto Price Information
| Price | Price Change (24h) | Trading Volume (24h) | Market Cap | |
|---|---|---|---|---|
| BTC | $63,753.99 USD | +1.31% | $23,790,021,290.32 USD | $1,255,574,227,371.4 USD |
| ETH | $3,112.29 USD | +0.18% | $9,060,353,807.22 USD | $373,773,139,599.38 USD |
| GARI | $0.01838 USD | +22.94% | $2,886,128.72 USD | $5,235,565 USD |
| SOLX | $0.1891 USD | +11.53% | $1,561,002.48 USD | $0 USD |
| MLN | $15.78 USD | +10.97% | $581,483.51 USD | $21,896,691 USD |
