Dear User:

In order to provide users with the best product experience and keep the platform running efficiently, Binance will regularly review its products and services. Starting from 08:00 (ET) on July 1, 2024, Binance will update its Custody Subaccount feature (MSA), including: asset requirements, rate structure, and new custody subaccount fees.

Key Highlights

  • Each custodial sub-account must always maintain an asset balance of at least USD 100,000;

  • All market maker program rebates and taker program discounts do not include custodial subaccounts;

  • A Custody Subaccount Fee will be charged to each trading team based on the total asset value or trading volume of all Custody Subaccounts of each trading team.

Minimum asset holding requirements

  • After successfully enabling the custody sub-account, each custody sub-account under the trading team's master account must maintain an average asset balance of USD 100,000 per month to continue operations.

Restrictions on Market Maker and Taker Projects

  • Market Maker Project Restrictions:

    • Regardless of the level of the trading team's master account in any market maker program, the custodial sub-account will not participate in the market maker program rebate;

    • Trading teams that are eligible for any market maker rebate will have zero maker fees on their custodial subaccounts.

    • The maker trading volume of the custodial sub-account is still included in the market maker plan level statistics of its trading team's main account;

    • The above restrictions apply to all market maker programs on the Binance platform, including: Spot, U-margined, Coin-margined, and Fiat market maker programs.

  • Taker item restrictions:

    • The discount for U-margin contract eating plan is not applicable to custodial sub-accounts;

    • The taker trading volume of the custodial sub-account is still included in the taker plan statistics.


Custody Subaccount Fees

  • Independent of all other rates, the monthly custody sub-account fee will be deducted from the trading team master account;

  • Custody subaccount fees will be based on the total asset value (USD equivalent) and total trading volume of all custodial subaccounts under each trading team master account;

  • Each trading team will be charged a fee based on the higher of the asset value fee or the transaction volume fee;

  • The minimum monthly fee for each trading team is 500 USDT.

Fees based on asset value

  • Asset value-based fees will be calculated based on the average daily asset value in the custody sub-account during each calendar month;

  • Fees will be charged on a progressive basis based on the value of the assets, as shown in the table below.

Monthly average asset value (USD equivalent)

Annual cost percentage

< 2,500,000

2.0%

≥ 2,500,000 and < 10,000,000

1.5%

≥ 10,000,000 and < 25,000,000

1.0%

≥ 25,000,000

0.5%

Volume-based fees

  • Volume fees will be calculated on a daily basis. The monthly fee is the sum of all daily fees for the month;

  • The volume fee is applicable to trading teams with VIP level VIP 7 - 9. When the investor's VIP level is equal to or higher than the VIP level of the trading team, the escrow sub-account will be exempted from this fee for the day;

  • Daily fees will be calculated based on spot and futures trading volume as shown in the table below.

Spot maker or taker transactions

Contract maker or taker transactions

Rates

0.002%

0.001%

Monthly Fee Collection

Monthly Custody Subaccount Fees will be charged the highest of the following options:

  • A monthly fee based on the value of the asset, or

  • A monthly volume-based fee, or

  • 500 USDT

terms and Conditions

  • All transaction volume and fee calculations are at the sole discretion of Binance. Binance reserves the right to review and adjust any matters;

  • Binance may modify or terminate a Custody Subaccount for any reason at its sole discretion, including but not limited to:

    • Obligations arising from laws or decisions issued by ordinary courts or public administration bodies;

    • rules to combat money laundering or the financing of terrorism;

    • Technical issues beyond Binance’s control; such as system failures, communication line failures, high Internet traffic or demand, security breaches, or any similar technical issues;

    • Force majeure events as defined in Binance's Terms of Use;

  • Binance reserves the right to amend the terms and conditions at its sole discretion;

  • Please refer to the VIP and Institutional Services page for more details;

  • There may be discrepancies between the original English version and the translated version. If there are any discrepancies, please refer to the original English version for the latest or most accurate information.

Thank you for your support!

Binance Team

June 04, 2024