Binance Futures, the futures trading platform of cryptocurrency exchange Binance, recently unveiled an update to its Taker program. These updates are aimed at providing better benefits to eligible users who engage in trading activities on the platform.
Effective from 00:00 (UTC) on April 30, 2024, eligible users will be able to enjoy a taker fee discount of up to 20% on eligible USDT-margined perpetual and delivery contracts. Additionally, users can take advantage of a promotional taker fee rate of 0.0136% when trading eligible USDC-margined perpetual contracts. This promotional fee rate will be available until July 1, 2024, 23:59 (UTC).
To participate in the Taker Program, users must reach a total futures trading volume equal to 100,000,000 USDT within the last 30 days. Once eligible, users can submit applications for the program at any time. Eligibility will be assessed during the weekly review of the taker program.
Users who have previously applied for the Taker Program do not need to re-submit the application form. Their eligibility will be assessed automatically. The buyer fee discount and promotional fee rates will take effect the following Tuesday at 00:00 (UTC) following a weekly review.
Based on their weekly trading volume and volume share on BTC and ETH pairs, users may qualify for higher buyer fee discounts on eligible USDT-margined perpetual and delivery contracts. The table below provides an overview of the fee levels and their corresponding discounts.
It is important to note that from March 26, 2024, 00:00 (UTC) to July 1, 2024, 23:59 (UTC), users who qualify for the Taker Program and receive a minimum 0.5% weekly Taker volume share Those who do so on USDC-margined perpetual contracts will receive a fee level upgrade one level higher than their actual eligibility. Alternatively, users may qualify for higher fee levels and associated buyer fee discounts on eligible USDT-margined perpetual and delivery contracts based on their weekly trading volume and volume share on BTC and ETH pairs.
To illustrate, let’s consider User A, who achieves weekly buyer volume equal to 3,500 million USDT, a 2% weekly buyer volume share on BTC and ETH pairs, and 0.4% weekly on USDT excluding BTC and ETH pairs. The buyer receives the volume share. -M Perpetual and Delivery Contract from April 22, 2024, 00:00 (UTC) to April 28, 2024, 23:59 (UTC). Based on their weekly USD‚ìà-M Futures Taker volume share on BTC and ETH pairs, User A qualifies for Fee Tier 3.
As a result, User A will enjoy a 20% taker fee discount on trades placed on USDT-margined perpetual and delivery contracts from 00:00 (UTC) on April 30, 2024 to 23:59 (UTC) on July 29, 2024 . , Additionally, User A will also benefit from a promotional taker fee rate of 0.0136% when trading eligible USDC-margined perpetual contracts during the same period.
Binance Futures continues to enhance its trading experience by providing users with fee discounts and promotional offers through the Taker Program. These updates are intended to incentivize traders and provide them with a competitive advantage in the cryptocurrency futures market.
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