Binance Updates Its Managed Sub-Account (MSA) Functionality
Fellow Binancians,
At Binance, we value user feedback and continuously refine our offerings to enhance your experience. We're excited to announce updates to the Managed Sub-Account (MSA) structure, including changes to the fee system, effective from 2024-07-01 00:00 (UTC).
🔑 **Key Highlights:**
- **Exclusion from Rebates and Discounts:** MSAs will no longer receive liquidity provider program rebates or taker program discounts.
- **New MSA Fee:** A fee will be applied based on the monthly average asset balance of each MSA and the total trading volume of all MSAs under the trading team.
📉 **Liquidity Provider Program Restrictions:**
- **No Rebates for MSAs:** MSAs are not eligible for rebates, regardless of the master account’s program tier.
- **Maker Fee Adjustments:** For eligible trading teams, MSA’s maker fee will be 0.
- **Volume Counting:** MSA trading volume counts towards the master account’s liquidity provider volume requirements.
- **Applicable Markets:** Spot, Fiat, USDⓈ-Margined Futures, and COIN-Margined Futures.
📉 **Taker Program Restrictions:**
- **No Taker Discounts:** USDⓈ-Margined Futures Taker Program discounts won't apply to MSAs.
- **Volume Contributions:** MSA taker volume contributes to the taker program requirements.
💰 **Managed Sub-Account Fees:**
1. **Account Maintenance Fee:**
- **Fixed Fee:** 500 USDT per MSA.
- **Applicability:** MSAs with a monthly average asset balance below 100,000 USD equivalent.
2. **Trading Fee:**
- **VIP Tier Based:** Applicable if the trading team’s VIP level is between VIP 7-9 and higher than the investor VIP level.
- **Calculation:** Daily fees accumulated and charged monthly.
- **Fee Rates:**
- **Spot Maker/Taker:** 0.002%
- **Futures Maker/Taker:** 0.001%
- **Waivers:** MSA trading maker fee waived for markets qualified under liquidity provider programs.
