Significant Changes Coming to Binance Futures’ Taker Program 🚀
This year, Binance Futures is poised to enhance its Taker Program by offering notable fee reductions on USDT and USDC-margined contracts based on specific trading volume criteria. The revamped program will commence on October 29, 2024, extending until January 27, 2025. This change aims to benefit users who engage actively in futures trading.
Understanding the Discounts and Eligibility Criteria 🏷️
With the new Taker Program, users can enjoy discounts that can reach as high as 20%. However, to qualify for these reductions, participants are required to maintain a futures trading volume of at least 100,000,000 USDT in the preceding 30 days. Those interested in participating must apply for evaluation on a weekly basis.
- If you have previously applied for the Taker Program, there is no need to submit another application, as you’ll automatically be considered for the new fee reductions.
Fee Structure and Volume Share Requirements 📊
The updated program features a structured tier system that enables users to secure larger discounts contingent on their weekly taker volume share. This applies to various trading pairs, including BTC, ETH, and BNB, as well as other USDⓈ-M perpetual and delivery contracts.
- A minimum weekly taker volume share of 1% on USDC-margined contracts will also qualify users for an upgrade, helping them move up one tier from their existing level.
Program Terms and Criteria 📜
To determine eligibility along with applicable discounts, Binance will assess each user’s weekly taker volume shares from Monday to Sunday. Adjustments to the fee tiers will automatically take effect the following Tuesday at midnight UTC.
- Should a user fail to satisfy the minimum criteria for three consecutive weeks, they will be removed from the program and will not be able to reapply until the end of the current validity period.
Moreover, the discounts provided in this Taker Program are in addition to existing BNB discount rates and VIP tier fees. Participants will receive daily and weekly performance reports via email for better tracking of their activities.
Hot Take on the Adjustments 🔥
The enhancements made to the Taker Program indicate Binance’s commitment to supporting active traders within the futures market. As this year unfolds, these changes could lead to a more dynamic trading environment where users actively participate in seeking favorable terms. The structured eligibility criteria combined with the tiered discounts should incentivize more traders to engage, promoting a competitive spirit. If you are an enthusiastic trader, taking advantage of this opportunity may align well with your trading strategies this year.
For more details, visit the official announcement on Binance.
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