The Updated Binance Futures Taker Program Explained
If you are a crypto trader, you will be delighted to know that Binance Futures is rolling out an updated Taker Program, scheduled to go live on July 30, 2024. This program brings with it exciting discounts of up to 20% on USDT and USDC-margined contracts, offering you a great opportunity to optimize your trading strategy and maximize your returns in the crypto market.
Key Features of the Enhanced Taker Program
Here are the key details and features of the updated Taker Program that you need to know:
- The updated Taker Program will be in effect from July 30, 2024, to October 28, 2024.
- Eligible users can enjoy a taker fee discount of up to 20% on USDT-margined and USDC-margined perpetual and delivery contracts.
- To qualify, users must have a total Futures trading volume of 100,000,000 USDT equivalent in the last 30 days.
- Users who have applied for the previous Taker Program do not need to resubmit the form; eligibility will be automatically assessed.
Unlock Higher Discounts Through Trading Volume
By actively trading on eligible USDⓈ-margined perpetual and delivery contracts, you can unlock higher taker fee discounts based on your weekly trading volume share. Here’s how it works:
- Your trading activity from Monday 00:00 UTC to Sunday 23:59 UTC of the previous week will determine the specific discounts you qualify for.
- Users achieving a minimum 1% weekly taker volume share on USDC-margined perpetual contracts will receive a fee tier upgrade.
Seizing Additional Benefits and Meeting Conditions
Participants who meet the program requirements during the validity period can enjoy additional benefits such as:
- A fee tier upgrade one level higher than their current tier for reaching a minimum 1% weekly taker volume share on USDC-margined perpetual contracts.
- Qualification for a higher fee tier and corresponding taker fee discount by meeting the necessary requirements on eligible USDT-margined perpetual and delivery contracts.
Illustrative Scenario for Enhanced Trading Experience
Consider this example scenario to understand how the updated Taker Program can enhance your trading experience:
- If you achieve a 2% weekly taker volume share on BTC, ETH, and BNB pairs along with a 0.4% weekly taker volume share excluding these pairs, you will qualify for Fee Tier 3.
- As a result, you will enjoy a 20% discount on taker fees for trades on USDT and USDC-margined perpetual and delivery contracts from July 30, 2024.
Terms and Conditions for Participation
Before diving into the updated Taker Program, it’s essential to be aware of the terms and conditions governing your participation:
- Your weekly taker volume share on specific pairs will be reviewed weekly, and fee tier adjustments will be updated accordingly.
- Users failing to meet the minimum criteria for three consecutive weeks will be excluded from the program.
- Taker fee discounts are applied in addition to BNB fee discounts and VIP tier rates.
- Binance reserves the right to modify or terminate the program at its discretion.
Stay Updated and Get Started
If you’re ready to optimize your trading strategy and enjoy lucrative discounts on Binance Futures, make sure to check out the official Binance announcement for more details. Start gearing up for the enhanced Taker Program and elevate your crypto trading journey like never before!
🔥 Hot Take: Embrace the Enhanced Benefits of Binance Futures Taker Program! 🚀
As a savvy crypto trader, seizing the opportunity to leverage the updated Binance Futures Taker Program can significantly enhance your trading experience and boost your profitability. Stay proactive, meet the program’s requirements, and unlock exclusive discounts and benefits to take your crypto trading journey to new heights. Embrace the future of crypto trading with Binance Futures and maximize your trading potential today!
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