Note: This announcement is outdated as of 2024-06-11 13:00 (UTC). Binance has updated its Managed Sub-Account (MSA) with changes to its fee structure, and a new MSA fee. For the most updated information, please refer to this announcement instead.
Fellow Binancians,
Binance regularly reviews its product and service offerings to ensure we always deliver the most optimal user experience and keep our platform efficient. In line with this commitment, please note that from 2024-07-01 00:00 (UTC), Binance will be updating its Managed Sub-account (MSA) function with asset requirement, fee structure change, and a new MSA fee.
Each MSA needs to maintain an account balance of at least 100,000 USD worth of assets at all times.
MSAs will be excluded from receiving liquidity provider program rebates and any taker programs discounts.
A MSA fee will be charged to the trading team based on the total asset value or trading volume of all MSAs under the trading team.
Once a MSA is successfully enabled, it must maintain an monthly average asset balance of at least 100,000 USD equivalent to continue operating.
Liquidity Program Restrictions
MSAs are not eligible for liquidity provider program rebates, regardless of which program tier their trading team’s master account belongs to.
For trading teams which are eligible for any maker rebates, the maker fee of their MSA will be 0.
Trading volume in MSAs will still be counted towards the liquidity provider volume requirement of the trading team’s master account.
The above restrictions apply to all liquidity provider programs on Binance, including Spot, USDⓈ-Margined Futures, COIN-Margined Futures, and Fiat.
Taker Program Restrictions
USDⓈ-Margined Futures Taker Program discount will not be applied to MSAs.
MSAs’ taker volume will still contribute to the taker program.
A Managed Sub-account fee will be charged to the trading team’s master account on a monthly basis as a separate fee to all other fees.
The fee is based on total asset value and total trading volume of all the MSAs under the trading team master account.
Each trading team will either be charged the Asset Value Based Fee OR the Trading Volume Based Fee, whichever is higher.
The minimum monthly fee is 500 USDT per trading team.
The Asset Value Based Fee will be calculated based on the daily average asset value in the MSA in a natural month.
The Asset Value Based Fee will be calculated on a progressive basis following the below table.
The Trading Volume Based Fee will be calculated on a daily basis. A monthly fee will be calculated by adding up all daily fees of the month.
The Trading Volume Based Fee is applicable to trading teams whose VIP level is VIP 7 - 9. If the investor’s VIP level is equal to or higher than the trading team’s VIP level, that MSA would be exempted from this fee.
The daily fee will be calculated based on the Spot and Futures trading volume following the below table.
The monthly MSA fee will be charged using the highest of the below:
The monthly Asset Value Based Fee, or
The monthly Trading Volume Based Fee, or
500 USDT.
All calculations of volumes and fees are determined by Binance at its sole and absolute discretion. Binance reserves the right to review and approve any adjustments.
Binance may, at its sole discretion, amend or terminate the Managed Sub-account for any reason, including but not limited to:
Any applicable law, decree or judgment of any court, or any award of any arbitrator or those of any governmental or regulatory authority in any jurisdiction;
Anti-money laundering, combating financing terrorism rules or compliance regulations or rules;
Any technical problems, system failures, malfunctions, communication line failures, high internet traffic or demand, related issues, security breaches or any similar technical problems or defects experienced;
Any Force Majeure Event as defined in the Binance Terms of Use.
Binance reserves the rights to amend these terms and conditions at any time and at its sole and absolute discretion.
Please refer to our VIP & Institutional services page for more details.
There may be discrepancies in any translated version of this original article in English. In the event of any discrepancy between the English version and any translated version, the English version shall prevail.
Thank you for your support!
Binance Team
2024-06-04
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
Find us on
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.