Binance Futures Upgrades Taker Program (2023-08-08) | Binance Support

Fellow Binancians,

Binance Futures is upgrading the Taker Program. Effective from 2023-08-08 at 00:00 (UTC), eligible users may enjoy a taker fee discount of up to 25% on eligible USDⓈ-M perpetual and delivery contracts.

Validity Period: 2023-08-08 00:00 (UTC) to 2023-10-30 23:59 (UTC)

Users who reach a total futures trading volume of 100,000,000 USDT equivalent in the last 30 days, may submit an application for the Taker Program at any time and be assessed in the weekly review of the Taker Program. Users who have applied for the previous Taker Program are not required to resubmit the form, and will be assessed for eligibility automatically. Taker fee discounts will be effective from the following Tuesday after the weekly review. 

The taker fee discount will be based on the user’s weekly taker volume, weekly taker volume share on BTC and ETH pairs, or weekly taker volume share excluding that of BTC and ETH pairs on USDⓈ-M perpetual and delivery contracts in the previous week (i.e., Monday at 00:00 UTC to Sunday at 23:59 UTC). Refer to the table below for more details:

Please Note:

• Users may qualify for a higher fee tier and corresponding taker fee discount when trading eligible USDⓈ-M perpetual and delivery contracts, so long as they fulfill the requirements of either the weekly taker volume, weekly taker volume share on BTC and ETH pairs, or weekly taker volume share excluding that of BTC and ETH pairs on USDⓈ-M perpetual and delivery contracts for the respective fee tier. 

• Assuming user A reaches a weekly taker volume of 3,000M USDT equivalent, a taker volume share on BTC and ETH pairs of 2%, and a taker volume share excluding that of BTC and ETH pairs of 0.4% on USDⓈ-M perpetual and delivery contracts from Monday, July 31 at 00:00 (UTC) to Sunday, August 6 at 23:59 (UTC). 

  • User A will qualify for Fee Tier 4 as per the weekly USDⓈ-M futures taker volume share on BTC and ETH pairs. 

  • Therefore, user A will enjoy 25% off taker fees for trades on USDT-margined perpetual and delivery contracts and 5% off taker fees for trades on BUSD-margined perpetual contracts starting from Tuesday, August 8 at 00:00 (UTC) to Monday, August 14 at 23:59 (UTC) (i.e., during the Validity Period).

  • As the taker fee discounts from the upgraded program will be effective from Tuesday, August 8 at 00:00 (UTC) only, users may still enjoy the respective taker fee discounts from the previous Taker Program till 2023-08-07 23:59 (UTC), if they have applied for the program previously and meet the corresponding requirements.

Terms & Conditions:

• Users’ weekly taker volume, weekly taker volume share on BTC and ETH pairs and weekly taker volume share excluding that of BTC and ETH pairs will be reviewed on a weekly basis (i.e., Monday at 00:00 UTC to Sunday at 23:59 UTC).

• Weekly taker volume share on BTC and ETH pairs is defined by the user's weekly taker transaction volume on BTC and ETH pairs divided by the weekly total taker transaction volume on BTC and ETH pairs in the USDⓈ-M market from Monday at 00:00 (UTC) to Sunday at 23:59 (UTC).

• Weekly taker volume share excluding that of BTC and ETH pairs is defined by the user's weekly taker transaction volume excluding that of BTC and ETH pairs divided by the weekly total taker transaction volume excluding that of BTC and ETH pairs in the USDⓈ-M market from Monday at 00:00 (UTC) to Sunday at 23:59 (UTC).

• Any fee tier adjustments will be automatically updated on the following Tuesday at 00:00 (UTC) based on the aforementioned criteria.

• Users will be removed from the Taker Program if they do not meet the lowest criteria for three consecutive weeks. Binance Futures will not consider reapplications to the Taker Program by these users for the rest of the Validity Period.

• Taker fee discount will be directly applied to each taker trade.

• Taker fee discount is applied on top of the BNB fee discount and VIP tier rates.

• Binance Futures will provide daily and weekly reports to participating users via email.

• Binance reserves the right to amend or terminate this Program at its sole discretion.

• Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

For more information and further inquiries, please email [email protected] or speak directly with your sales and key account coverage teams.

Thanks for your support!

Binance Team

2023-07-19

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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.

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