Exploring Binance’s New Fee Structure for Managed Sub-Accounts
If you’re a trader or institutional user on Binance, you need to know about the updates to the Managed Sub-Account (MSA) functionality. These changes, effective from July 1, 2024, bring in modifications to fee structures and introduce new limitations on rebates and discounts. Dive into the key highlights:
Main Changes in Managed Sub-Accounts
Here are the significant adjustments:
- MSAs won’t receive liquidity provider program rebates or taker program discounts anymore.
- An additional MSA fee based on the monthly average asset balance and total trading volume of all MSAs under a trading team has been introduced.
Who Faces Restrictions in Liquidity Provider and Taker Programs?
Under the latest guidelines, MSAs are subject to various limitations:
- Liquidity Program Restrictions:
- No liquidity provider program rebates for MSAs, regardless of their trading team’s master account tier.
- If a trading team qualifies for maker rebates, the MSA will have zero maker fees.
- MSA trading volumes will still contribute to the liquidity provider volume requirement of the master account.
- These restrictions are applicable to Binance’s Spot, Fiat, USDⓈ-Margined Futures, and COIN-Margined Futures liquidity provider programs.
- Taker Program Restrictions: MSAs won’t enjoy any taker program discounts.
Calculating Managed Sub-Account Fees
MSAs will now face a new fee structure calculated based on their monthly average asset balance and total trading volume under the trading team.
Understanding the Terms and Conditions
Binance reserves the right to determine volumes and fees at its discretion. The company may modify or end the MSA service due to legal compliance, technical issues, or force majeure events. Additionally, Binance can revise the terms and conditions at any given time.
For more information, check out Binance’s VIP & Institutional services page on their website.
This decision by Binance aims to streamline their MSA offerings and enhance platform efficiency. It’s crucial for traders and institutional users to review these changes thoroughly to grasp their impact on operations.
Image source: Shutterstock
Hot Take: Stay Informed and Adapt!
As a crypto trader or institutional user on Binance, it’s vital to stay informed about the recent updates to the Managed Sub-Account functionality. Keep a close eye on these changes to adjust your strategies and operations accordingly. Stay ahead in the crypto game!
By
By
By
By
By