Dear User:

Binance will update its fiat market maker program at 08:00 (ET) on June 25, 2024.

Major updates:

  • From 08:00 (GMT+8) on June 25, 2024, the JPY market will join the fiat currency trading market maker program;

  • The new fiat market qualification review will take effect at 08:00 (GMT+8) on June 25, 2024. Market maker accounts will be reviewed weekly based on the new activity review mechanism;

  • Starting from 08:00 (ET) on July 2, 2024, maker fee rebates will be issued based on the liquidity provider’s trading performance in the designated spot fiat market last week.

Audit mechanism:

Qualified fiat currency market

The percentage of users' weekly spot order (Maker) trading volume in the qualified fiat currency market to the total qualified fiat currency market spot order (Maker) trading volume on the site

Basic Maker Fees during the Three-Week Testing Period

Maker Rebate Rate (Eligible)

TRY

2.0%

0

-0.004%

EUR

2.0%

-0.004%

BRL

1.0%

-0.006%

ZAR

0.5%

-0.010%

PLN

0.5%

-0.010%

UAH

0.5%

-0.010%

ARS

0.2%

-0.010%

RON

0.5%

-0.010%

MXN

0.5%

-0.010%

CZK

0.5%

-0.010%

COP

0.5%

-0.010%

JPY

0.5%

-0.010%

Calculation:

  • The percentage of users' weekly spot fiat market Maker trading volume to the total spot fiat market Maker trading volume of CoinSafe Station] = [each market maker account's weekly spot fiat market Maker trading volume] / [the station's weekly spot fiat market Maker trading volume];

  • 【Weekly Maker Volume】 = the sum of 【Daily Maker Volume】 for 7 days a week;

  • [Daily Maker Volume] = the total daily Maker volume;

  • Daily: 08:00 a.m. to 07:59 a.m. the next day, GMT+8 time.

  • Weekly: 08:00 am on Monday to 07:59 am on the following Monday, GMT+8.

Project Rewards: (Applicable to qualified participants who are eligible to join at least one fiat currency market)

  • Qualified fiat markets: All Maker fee rebates and VIP-level standard Taker fees in qualified fiat markets;

  • Unqualified fiat markets: Zero Maker fee rebate and VIP-level standard Taker fees

way of participation:

For users with a 30-day trading volume of more than 20,000,000 USDT equivalent on Binance spot and margin or other platforms, and a high-quality liquidity provision strategy, you are welcome to participate in the Binance Fiat Market Maker Program. To apply, please provide proof of your trading volume via mmprogram@binance.com, or contact your sales representative or account manager to apply for a trial period.

Notice:

  • The program is limited to the designated fiat markets listed above on Binance.com;

  • Regardless of the quoted asset (i.e. BTC/EUR or EUR/USDT), Maker fee rebates will be settled in fiat currency;

  • Liquidity providers’ eligibility for Maker fee rebates will depend on their weekly performance in eligible fiat pairs in spot trading;

  • The commission rebate for pending orders is effective from 08:00 every Tuesday to 07:59 next Monday (GMT+8);

  • Maker fee rebates are paid once an hour to each master account or sub-account that executes a trade.

  • Users can view the rebate records of each account through Orders > Wallet History > Distribution > Spot Accounts. API users can query through GET /sapi/v1/asset/assetDividend;

  • For accounts participating in both the Fiat and Spot Market Maker programs, the rebate level is determined by the best performance of both programs.

  • If a user's account performance does not meet the requirements for three consecutive weeks, they will be removed from the program;

  • Binance reserves the right to disqualify participants from participating in transactions deemed as prohibited trading activities, including but not limited to: malicious speculation, pump and dump schemes, pump and dump transactions, malicious wash trading and other market manipulation activities designed to create false prices and/or trading volumes, bulk registration of smurfs, mutual knock-on, self-trading, etc.

  • All activity-related trading volumes and metrics are determined by Binance at its sole discretion;

  • Binance reserves the right to reasonably determine and/or modify or change these Notices and Service Agreement, its eligibility terms and criteria, the selection and number of winners, and the timing of taking any action for important reasons, including but not limited to:

    • changes in applicable regulations or policies;

    • Obligations arising from laws or decisions issued by ordinary courts or public administration bodies;

    • rules to combat money laundering or the financing of terrorism;

    • Technical issues beyond Binance’s control;

    • The need to protect users from potential losses;

    • The need to protect Binance from reputational damage;

    • Extraordinary events or circumstances beyond Binance’s control (force majeure).

  • Please refer to Binance VIP and Institutional Services for more VIP details;

  • There may be discrepancies between the original English version and the translated version. If there are any discrepancies, please refer to the original English version for the latest or most accurate information.

Thank you for your support!

Binance Team

June 24, 2024

Note: This announcement was updated on June 25, 2024 to amend the name to market maker.