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Binance Japan to launch VIP Program and Updates on Zero-Fee Trading for JPY Spot Trading Pairs

Binance Japan to launch VIP Program and Updates on Zero-Fee Trading for JPY Spot Trading Pairs

2024-06-24 06:00

Fellow Binancians,

As Binance Japan conducts regular reviews of its promotion offerings to provide users with the most value and competitive services, Binance Japan will be updating its Zero-Fee Trading for JPY Spot Trading Pairs at 2024-06-25 09:00 (JST).

In addition, effective from 2024-06-25 09:00 (JST), Binance Japan will start a VIP Program to cater to the local needs in Japan. This program allows users to qualify for any of the VIP 1-4 levels to unlock more rewards as a Binance Japan VIP.

Key Updates

Zero-Fee Trading for JPY Spot Trading Pairs:

  • Starting from 2024-06-25 00:00 (UTC)/09:00 (JST), standard maker and taker fees will apply to all users when they trade JPY spot trading pairs. 

  • The trading volume of the aforementioned spot trading pairs will count toward users’ VIP tier volume calculation and all Liquidity Provider programs where applicable, effective from 2024-06-25 00:00 (UTC)/09:00 (JST). 

  • BNB discounts and any other adjustments will apply to the JPY spot trading pairs where applicable effective from 2024-06-25 00:00 (UTC)/09:00 (JST).

Binance Japan VIP Program:

  • Binance Japan users who meet the 30-day average trading volume and daily average BNB holding requirements specified in the table below, will be automatically upgraded to the corresponding VIP tier between 10:00 (JST) to 15:00 (JST) of the following day, if the program qualifies them for a higher VIP level than their current standing. 

Binance Japan VIP Program Requirements:

VIP Level

30-Day Average Trading Volume (JPY)

Minimum Daily Average BNB Balance*

Maker/Taker

Maker/Taker

(BNB Discount)

1

12,000,000

10

0.0900% / 0.1000%

0.0675% / 0.0750%

2

60,000,000

50

0.0800% /  0.1000%

0.0600% / 0.0750%

3

300,000,000

100

0.0420% / 0.0600%

0.0315% / 0.0450%

4

1,500,000,000

300

0.0420% /  0.0540%

0.0315% / 0.0405%

Note: 

  • In order to celebrate the launch of the VIP Program, Binance Japan will waive the Minimum Daily Average BNB Balance requirement from 2024-06-25 09:00 (JST) to 2024-07-24 08:59 (JST)

  • The Binance Japan VIP Program operates independently from the Binance VIP program, and the trading volume that counts towards each program will not be linked. 

  • Binance Japan VIP Program is only available for Binance Japan users. Only Binance Japan users’ trading volume will count towards the Binance Japan VIP Program. 

How the 30-Day Average Trading Volume Is Calculated:

  • 30-day average trading volume = Sum of daily trading volume in the past 30 days / 30 (days). 

  • Daily trading volume = Sum of users’ total trading volume in spot trading.

  • A snapshot of users’ 30-day Average Trading Volume and Daily Average BNB holdings is taken daily at 8:59:59 (JST) 

Terms & Conditions:

  • Users’ 30-day average trading volume and daily average BNB holdings will be reviewed on a daily basis (i.e., from 09:00 JST to 08:59 JST).

  • VIP tier upgrades from the VIP Program will automatically take effect between 10:00 (JST) to 15:00 (JST) of the following day.

  • All volume and metrics related to the program are measured by Binance Japan at its sole and absolute discretion.

  • Users may visit our VIP Fee Structure or User Dashboard to confirm their current VIP level.

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

  • Please reference the Japanese version for the latest or most accurate information where any discrepancies may arise.

We look forward to welcoming you as a Binance Japan VIP.

Thank you for your support!

Binance Japan Team

2024-06-24

Note: This announcement was last updated on 2024-06-24 to update the Binance Japan VIP Program requirements.

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