Fellow Binancians,
To further enhance the liquidity on Binance Options and provide a better trading experience for all users, Binance has further upgraded the Options Market Maker Program as of 2023-09-08.
Key Highlights
More Reward Options: VIP level upgrade or USDⓢ-M Futures Maker tier upgrade.
Lower Requirements: Users may qualify for an upgrade based on their weekly options maker or taker volume share.
VIP Level or USDⓢ-M Futures Maker Tier Upgrade Structure
Benefits of Options Market Maker Program:
Net zero trading fees
Higher IP and order rate limits
VIP level or USDⓢ-M Futures Maker tier upgrades
Current Options Fee Structure:
Notes:
Users who meet both of the following requirements may qualify for this Program:
Provide proof that their 30-day options trading volumes have exceeded 50,000 ETH or 100,000,000 USDT equivalent on Binance Options or other platforms, whichever is lower.
Hold at least 100,000 USDT equivalent of assets in their Binance master account.
Please note that similar options trading volumes on asset classes other than cryptocurrencies will also count toward the aforementioned trading volume requirement of the Program.
If you are interested in applying for the Binance Options Market Maker Program, please email futures-business@binance.com and provide proof of your options trading volumes (e.g., screenshots of your options trading volumes on another platform). Alternatively, you may speak directly with the Key Account coverage team.
Successful applicants to the Binance Options Market Maker Program will stand to enjoy the benefits of the Program for 21 days. To remain in the Options Market Maker Program after the initial 21 days, users should maintain a weekly options trading volume of at least 25,000,000 USDT equivalent.
Terms & Conditions:
All users must complete account verification to participate in the Options Market Maker Program.
All trading volumes and metrics related to the program are measured by Binance at its sole and absolute discretion. Binance reserves the rights to the review and final approval of tier adjustments, in line with its internal requirements.
Weekly options trading volumes will be reviewed every Monday. Each week runs from 00:00 (UTC) on Monday to 23:59 (UTC) on Sunday.
Binance Options will provide Options Market Makers a performance review report every Monday, which states their weekly share of options trading volume.
Eligible Options Market Makers can choose to receive a VIP level upgrade or a USDⓢ-M Futures Maker tier upgrade each Monday, based on their weekly share of options trading volume in the previous week.
For more information on the fee structures of other products and services, please refer to the VIP Fee Structure and USDⓢ-Margined Futures Liquidity Provider Program.
Binance reserves the right to cancel or amend the Program or Program rules at its sole discretion.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-09-08
Note: This announcement was updated on 2024-01-23 to update the weekly options trading volume required for users to remain in the program after the initial 21 days from 10,000,000 USDT equivalent to 25,000,000 USDT equivalent, and on 2023-10-23 to reflect the latest USDⓢ-Margined Futures Liquidity Provider Program that is effective from 2023-10-23 00:00 (UTC).
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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.
Disclaimer: Digital asset prices can be volatile. 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. Options trading, in particular, is subject to high market risk and price volatility. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.
