Binance is upgrading the Spot Liquidity Provider Program. Qualified Liquidity Providers can enjoy higher maker fee rebates of up to 0.01% and higher API order limits.
Binance Spot Liquidity Provider Program Upgrade
In order to provide users with better services, Binance will fully upgrade the spot trading market maker program. Qualified market maker accounts can enjoy up to 0.01% rebate on maker fees and a higher API order limit.
Time to start statistics on the transaction volume of pending orders (maker): 08:00 on February 21, 2022 (East Eighth District time).
Pending order (maker) commission rebate update time: March 01, 2022 08:00 (East Eighth District time)
Binance New Marketer Fee Structure:
Tier | User’s Weekly Spot and Margin Maker Volume % of the Total Binance Spot and Margin Maker Volume | Maker Fees | Taker Fees |
---|---|---|---|
1 | 0.05% | 0.0000% | Standard taker fees as per user’s VIP level |
2 | 0.15% | -0.0040% | Standard taker fees as per user’s VIP level |
3 | 0.50% | -0.0060% | Standard taker fees as per user’s VIP level |
4 | 2.00% | -0.0100% | Standard taker fees as per user’s VIP level |
Automatically join: Users whose weekly maker trading volume is not lower than the level 1 requirements of the Binance Spot Market Marketer Program will automatically join the Marketer Program and enjoy discounts on maker fees.
Sign up for the trial period: The trading volume has not yet automatically reached the level 1 standard, but users with a 30-day trading volume of more than 20,000,000 BUSD in the spot market can apply for a 3-week trial period, during which they can enjoy the level 1 maker (maker) fee discount. Please provide proof of transaction volume and send an email to mmprogram@binance.com or contact your key account manager directly to apply for a trial period.
Market maker compliance calculation rules:
Weekly spot pending order (maker) transaction volume = 7-day sum of spot pending order (maker) transaction volume
Daily spot order (maker) transaction volume = the sum of the spot order (maker) transaction volume of each currency pair
Weekly volume of pending orders (maker) per account = weekly volume of spot pending orders (maker) per account / total volume of weekly spot pending orders (maker) on Binance spot market
Daily: 08:00 a.m. to 07:59 a.m. the next day is one day in the East Eighth District time.
Weekly: East Eight District time from Monday 08:00 am to next Monday 07:59 is a week
Rebate rate update cycle: from 08:00 am every Tuesday to 07:59 am next Tuesday (East Eighth District time).
The plan includes spot trading, cross margin trading and isolated margin trading when calculating the trading volume of all spot trading pairs pending orders (Maker) on the platform. However, USD stablecoin trading pairs with zero fees will not be included in the volume calculation.
For spot market traders who joined the program before February 21, 2022 and users who signed up for the trial period:
From 08:00 on February 21, 2022 (East 8th District time), you can enjoy a 3-week trial period and receive the pending order rate of level 1.
If the user reaches a higher level within 3 weeks, the maker fee rebate will be updated and adjusted according to the actual level.
If the participating account is unqualified after the 3-week trial period, the system will revert to the corresponding rate based on the actual VIP level of the account.
Each user can enjoy 3 opportunities to apply for a trial period, with a minimum interval of 1 month between each new application and the last expiration
Whether the transaction volume ratio meets the target will be reviewed on a weekly basis.
Binance will strictly review and remove the generated transaction volume from the statistical rankings if there is any cheating behavior such as malicious volume brushing, batch registration of accounts, self-buying and self-selling, and mutual knocking.
If you want to know more exclusive services, please check the details in the Institutions and VIP Services column.
Go to Binance’s Official Website
Please check Binance official website or contact the customer support with regard to the latest information and more accurate details.
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Please click "Introduction of Binance", if you want to know the details and the company information of Binance.
(Forex Broker)
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...