Fellow Binancians,

Binance Futures is updating the Taker Program. Effective from 2024-07-30 00:00 (UTC), eligible users may enjoy a taker fee discount of up to 20% on eligible USDT-margined and USDC-margined perpetual and delivery contracts.

Validity Period: 2024-07-30 00:00 (UTC) to 2024-10-28 23:59 (UTC)

Users who reach a total Futures trading volume of 100,000,000 USDT equivalent in the last 30 days may submit an application for the Taker Program at any time, and be assessed for eligibility in the Program’s weekly review.

Users who have applied for the previous Taker Program are not required to resubmit the form, and will be assessed for eligibility automatically. The taker fee discount will be effective from the following Tuesday at 00:00 (UTC) after the weekly review. 

Users may qualify for higher taker fee discounts on eligible USDⓈ-margined perpetual and delivery contracts, based on their weekly taker volume share on BTC, ETH, and BNB pairs, or weekly taker volume share that exclude BTC, ETH, and BNB pairs on USDⓈ-M perpetual and delivery contracts in the previous week (i.e., from Monday 00:00 UTC to Sunday 23:59 UTC). Refer to the table below for more details:

Fee Tier

Weekly USDⓈ-M Futures Taker Volume Share on BTC, ETH, and BNB Pairs

Or

Weekly USDⓈ-M Futures Taker Volume Share (Excluding BTC, ETH, and BNB  Pairs)

Taker Fee Discount on USDT-M and USDC-M Perpetual and Delivery Contracts

1

0.2% ≤ X < 0.4%

Or

0.2% ≤ X < 0.4%

10%

2

0.4% ≤ X < 1.2%

Or

0.4% ≤ X < 1.2%

15%

3

X ≥ 1.2%

Or

X ≥ 1.2%

20%

Please Note:

  • Users who qualify for the Taker Program during the Validity Period and reach a minimum 1% weekly taker volume share on USDC-margined perpetual contracts will receive a fee tier upgrade that is one level higher than the fee tier they qualify for based on their weekly performance. 

  • Alternatively, users may qualify for a higher fee tier and corresponding taker fee discount on eligible USDT-margined perpetual and delivery contracts, so long as they fulfill the requirements of either the weekly taker volume share on BTC, ETH and BNB pairs, or the weekly taker volume share excluding BTC, ETH and BNB pairs on USDⓈ-M perpetual and delivery contracts for the respective fee tier. 

  • Assuming user A reaches a 2% weekly taker volume share on BTC, ETH, and BNB pairs, and a 0.4% weekly taker volume share excluding BTC, ETH, and BNB pairs on USDⓈ-M perpetual and delivery contracts from Monday 2024-07-22 00:00 (UTC) to Sunday 2024-07-28 23:59 (UTC). 

    • User A will qualify for Fee Tier 3 as per their weekly USDⓈ-M Futures taker volume share on BTC, ETH, and BNB pairs. 

    • Therefore, user A will enjoy 20% off taker fees for trades on USDT-margined and USDC-margined perpetual and delivery contracts starting from Tuesday 2024-07-30 00:00 (UTC) to Monday 2024-08-05 23:59 (UTC) (i.e., during the Validity Period).

    • As the taker fee discounts from the updated Program will be effective from Tuesday, 2024-07-30 00:00 (UTC) only, users may still enjoy the respective taker fee discounts from the previous Taker Program till 2024-07-29 23:59 (UTC), if they have applied for the Program previously and meet the corresponding requirements.

Enroll in the Taker Program Now!

Terms & Conditions:

  • Users’ weekly taker volume share on BTC, ETH, and BNB pairs, and weekly taker volume share excluding BTC, ETH, and BNB pairs on USDⓈ-M perpetual and delivery contracts will be reviewed on a weekly basis (i.e., from Monday 00:00 UTC to Sunday 23:59 UTC).

  • Weekly USDⓈ-M Futures taker volume share on BTC, ETH, and BNB pairs is defined by the user's weekly taker transaction volume on BTC, ETH, and BNB pairs divided by the weekly total taker transaction volume on BTC, ETH, and BNB pairs in the USDⓈ-M market from Monday 00:00 (UTC) to Sunday 23:59 (UTC).

  • Weekly USDⓈ-M Futures taker volume share excluding BTC, ETH, and BNB pairs is defined by the user's weekly taker transaction volume excluding BTC, ETH, and BNB pairs divided by the weekly total taker transaction volume excluding BTC, ETH, and BNB pairs in the USDⓈ-M market from Monday 00:00 (UTC) to Sunday 23:59 (UTC).

  • Weekly taker volume share on USDC-margined perpetual contracts is defined by the user's weekly taker transaction volume on USDC-margined perpetual contracts divided by the weekly total taker transaction volume on USDC-margined perpetual contracts from Monday 00:00 (UTC) to Sunday23:59 (UTC).

  • Any fee tier adjustments will be automatically updated on the following Tuesday at 00:00 (UTC) based on the aforementioned criteria.

  • Users will be removed from the Taker Program if they do not meet the minimum criteria for three consecutive weeks. Binance Futures will not consider reapplications to the Taker Program by these users for the rest of the Validity Period.

  • The taker fee discount will be directly applied to each taker trade.

  • The taker fee discounts are applied on top of the BNB fee discount and VIP tier rates.

  • Binance Futures will provide daily and weekly reports to participating users via email.

  • Binance reserves the right to amend or terminate this Program at its sole discretion.

  • There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. 

For more information and further inquiries, please email futures-business@binance.com or speak directly with your sales and key account coverage teams.

Thank you for your support!

Binance Team

2024-07-15