Fellow Binancians,

Binance values our users’ feedback and 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, Binance will be updating its Managed Sub-Account (MSA) with changes to its fee structure, and a new MSA fee from 2024-07-01 00:00 (UTC).

Key Highlights

  1. MSAs will be excluded from receiving liquidity provider program rebates and any taker programs discounts.

  2. A MSA fee will be charged to the trading team based on the monthly average asset balance of each MSA and the total trading volume of all MSAs under the trading team. 

Restrictions in Liquidity Provider and Taker Programs 

  • 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 below liquidity provider programs on Binance: Spot, Fiat, USDⓈ-Margined Futures, and COIN-Margined Futures.  

  • Taker Program Restrictions

Managed Sub-Account Fees

  • A Managed Sub-Account fee will be charged monthly to the trading team’s master account for two separate types of fees:

    • A fixed Account Maintenance Fee for each MSA. 

    • A Trading Fee based on the trading team and investor master account VIP tier. 

  • Account Maintenance Fee

    • A fixed fee of 500 USDT to each MSA. 

    • Applicable for all MSA with a monthly average asset balance of less than 100,000 USD equivalent.

  • Trading Fee

    • As a separate fee, MSA trading fee is applicable if the trading team VIP level is between VIP 7 - 9 and is higher than the investor VIP level.

    • The trading fee is calculated on a daily basis and charged as a monthly fee based on the accumulated daily fees recorded.

    • If the trading team is qualified in any liquidity provider programs mentioned above, the MSA trading Maker fee for that qualified market will be waived. 

    • Daily fees are based on the trading team’s Spot (Spot and Margin) and Futures (USDⓈ-Margined and Coin-Margined) trading activities and are charged as shown below.

Spot Maker or Taker 

Futures Maker or Taker 

Fee Rate

0.002%

0.001%

Terms and Conditions

  • 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

2024-06-11