Binance Introduces New Fee Structure for Managed Sub-Accounts (MSA)
Binance,
one
of
the
world’s
leading
cryptocurrency
exchanges,
has
announced
significant
updates
to
its
Managed
Sub-Account
(MSA)
functionality.
These
changes,
effective
from
July
1,
2024,
alter
the
fee
structure
and
introduce
new
restrictions
on
rebates
and
discounts,
according
to
Binance.
Key
Highlights
The
main
changes
include:
-
Exclusion
of
MSAs
from
receiving
liquidity
provider
program
rebates
and
any
taker
program
discounts. -
Introduction
of
a
new
MSA
fee
based
on
the
monthly
average
asset
balance
of
each
MSA
and
the
total
trading
volume
of
all
MSAs
under
a
trading
team.
Restrictions
in
Liquidity
Provider
and
Taker
Programs
Under
the
new
rules,
MSAs
will
face
several
restrictions:
-
Liquidity
Program
Restrictions: -
MSAs
are
not
eligible
for
liquidity
provider
program
rebates,
irrespective
of
the
program
tier
of
their
trading
team’s
master
account. -
If
a
trading
team
qualifies
for
any
maker
rebates,
the
maker
fee
for
their
MSA
will
be
zero. -
MSA
trading
volumes
will
still
count
towards
the
liquidity
provider
volume
requirement
of
the
master
account. -
These
restrictions
apply
to
Binance’s
Spot,
Fiat,
USDⓈ-Margined
Futures,
and
COIN-Margined
Futures
liquidity
provider
programs. -
Taker
Program
Restrictions:
MSAs
will
not
benefit
from
any
taker
program
discounts.
Managed
Sub-Account
Fees
A
new
fee
will
be
applied
to
MSAs,
calculated
based
on
the
monthly
average
asset
balance
and
total
trading
volume
of
all
MSAs
under
the
trading
team.
Terms
and
Conditions
Binance
retains
the
right
to
determine
all
volumes
and
fee
calculations
at
its
sole
discretion.
The
company
may
amend
or
terminate
the
MSA
service
for
various
reasons,
including
compliance
with
laws,
technical
issues,
or
force
majeure
events.
Binance
also
reserves
the
right
to
revise
the
terms
and
conditions
at
any
time.
For
further
details,
users
are
advised
to
consult
the
VIP
&
Institutional
services
page
on
Binance’s
website.
Binance’s
decision
aims
to
streamline
its
MSA
offerings
and
enhance
the
overall
efficiency
of
its
platform.
Traders
and
institutional
users
should
review
these
changes
carefully
to
understand
the
impact
on
their
operations.
Image
source:
Shutterstock
.
.
.
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