Fellow Binancians,
Binance is upgrading the VIP Holder Program with effect from 2023-11-27 04:00 (UTC).
Key Updates:
Different requirements for the VIP Holder Program will apply depending on whether users qualify for VIP 1-3 under the Trader VIP subprogram, as per the table below.
Assets in the Earn wallet will no longer count toward the calculation of asset holding amounts in the VIP Holder Program.
New VIP Holder Program Structure:
Notes:
Users’ eligibility for the VIP Holder Program will depend on their Trader VIP Level, daily average BNB holdings and the higher of either the 30-day average asset holding or the daily asset holding of the previous day.
Example:
User A has a daily average BNB holding amount of 30 BNB, and his/her daily asset holding of the previous day is equivalent to 2,000,000 USDT. If User A is not a participant of the Trader VIP subprogram, User A can enjoy a VIP level upgrade to VIP 1 under the VIP Holder Program.
On the other hand, User B has a daily average BNB holding amount of 50 BNB and a 30-day average asset holding amount of 1,000,000 USDT equivalent. If User B is already qualified for VIP 1 under the Trader VIP subprogram, User B can receive a VIP level upgrade to VIP 2 under the VIP Holder Program.
BNB holdings will be excluded from the calculation of 30-day average asset holding and the daily asset holding of the previous day.
30-Day Average Asset Holding (USDT equivalent) = Sum of Daily Asset Holding (USDT equivalent) in the past 30 days / 30 (days)
Daily Asset Holding (USDT equivalent) = Spot Wallet assets + Funding Wallet assets + Margin Wallet assets + Futures Wallet assets + Option Wallet assets (excluding BNB holdings).
The USDT equivalent of assets in these Wallets will be used to calculate the daily asset holding.
A snapshot of the Daily Asset Holding will be taken at 23:59:59 (UTC) using the real-time USDT exchange rate.
Users who meet the daily average BNB holding thresholds and either one of the asset holding requirements will be upgraded to the corresponding VIP tier from 01:00 (UTC) to 06:00 (UTC) daily, if the program qualifies them for a higher VIP level than their current standing.
Should a user qualify for a higher VIP level under another subprogram of the Binance VIP Program, the highest VIP level will apply. Under the VIP Holder Program, a user may be upgraded to a maximum of VIP 4.
Please visit VIP Fee Structure or User Center to confirm your current VIP level.
The BNB balance requirement is unchanged. For more information, read our BNB Balance Calculation rules.
Binance will combine the daily asset holdings in managed sub-accounts with the daily asset holdings in the trading team’s master account for the calculation of users’ 30-day average asset holdings.
For more dedicated VIP and Institutional services, please refer to this link.
All asset holding amounts 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 internal requirements.
Binance reserves the right to amend or terminate this Program 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
2023-11-20
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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.
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