Binance introduces a new fee structure for Managed Sub-Accounts (MSA).

Binance, one of the world’s leading cryptocurrency exchanges, has announced an important update to its Managed Subaccount (MSA) feature. According to Binance, these changes, which will take effect from July 1, 2024, will change the fee structure and introduce new restrictions on rebates and discounts.

Main Content

Key changes include:

1. MSAs are excluded from receiving Liquidity Provider Program rebates and Taker Program discounts.
2. Introducing new MSA fees based on the average monthly asset balance of each MSA and the total trading volume of all MSAs in a trading team.

Limitations of Liquidity Provider and Taker Programs

Under the new rules, MSAs will face several restrictions:

• Liquidity Program Restrictions:

• MSAs are not eligible to receive Liquidity Provider Program rebates, regardless of the program tier of their trading team master account.
• If your trading team qualifies for the maker rebate, the maker fee for your MSA will be zero.
• MSA trading volume still counts towards the master account’s liquidity provider volume requirements.

• These restrictions apply to Spot on Binance. CommandUSDⓈ Margin Futures and COIN Margin Futures Liquidity Provider Program.
• Candidate Program Restrictions: MSAs are not eligible for Taker Program discounts.

Managed Sub-Account Fees

A new fee will be applied to MSAs calculated based on the average monthly asset balance and total trading volume of all MSAs in a trading team.

Terms of Use

Binance reserves the right to determine all trading volumes and fee calculations at its sole discretion. The Company may modify or terminate the MSA Service for a variety of reasons, including legal compliance, technical issues, or force majeure. Binance also reserves the right to revise the Terms of Use at any time.

For more information, please visit the VIP and Institutional Services page on the Binance website.

Binance’s decision aims to streamline MSA offerings and improve the overall efficiency of the platform. Traders and institutional users should review these changes carefully to understand the impact on their operations.

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