Binance Futures Introduces Taker Program Updates and Offers Fee Discounts
Binance Futures, the futures trading platform of cryptocurrency exchange Binance, recently released an update to its Taker program. These updates aim to provide enhanced benefits to eligible users engaging in trading activities on the platform.
Starting at 00:00 on April 30, 2024 (UTC), eligible users will receive up to a 20% discount on taker fees on eligible USDT margin perpetual and delivery contracts. Additionally, users can take advantage of a promotional taker commission rate of 0.0136% when trading eligible USDC margin perpetual contracts. This promotional fee rate applies until 23:59 on July 1, 2024 (UTC).
To participate in the Taker program, users must have total futures trading volume reach 100,000,000 USDT equivalent within the last 30 days. Eligible users may submit a program application at any time. Eligibility assessments are conducted during weekly reviews of the Taker Program.
Users who have previously applied for the Taker program do not need to resubmit their application. Eligibility will be assessed automatically. Taker fee discounts and promotional fee rates will be effective from 00:00 (UTC) on the following Tuesday after weekly review.
Based on the weekly trading volume and volume share of BTC and ETH pairs, users will be eligible for higher taker fee discounts on eligible USDT margin perpetual and delivery contracts. The table below outlines the fee tiers and corresponding discounts.
It is important to note that users who qualify for the Taker Program and achieve at least 0.5% weekly Taker volume share from 00:00 on March 26, 2024 (UTC) to 23:59 on July 1, 2024 (UTC) . For USDC Margin Perpetual Contracts, you will receive a fee tier upgrade one level higher than your actual entitlement. Alternatively, users can receive higher fee tiers and corresponding taker fee discounts on eligible USDT margin perpetual and delivery contracts based on weekly trading volume and volume share of BTC and ETH pairs.
To illustrate, consider User A, who has achieved 3,500M USDT worth of weekly taker volume, a 2% weekly taker volume share of BTC and ETH pairs, and a 0.4% weekly taker volume share of USD excluding BTC and ETH pairs. -M perpetual contracts and delivery contracts run from 00:00 on April 22, 2024 (UTC) to 23:59 on April 28, 2024 (UTC). Based on the weekly USD, ìà-M futures taker volume share of the BTC and ETH pairs, User A is eligible for fee tier 3.
As a result, User A will enjoy a 20% taker fee discount for trades made with USDT margin perpetual and delivery contracts from 00:00 on April 30, 2024 (UTC) to 23:59 on July 29, 2024 (UTC). can. . Additionally, User A will also benefit from a promotional taker fee of 0.0136% when trading eligible USDC margin perpetual contracts during the same period.
Binance Futures continues to improve the trading experience by providing users with fee discounts and promotional offers through the Taker program. These updates aim to incentivize traders and give them a competitive edge in the cryptocurrency futures market.
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