Binance Revises Zero-Fee Trading for JPY Spot Pairs, Introduces VIP Program

Binance,
a
leading
cryptocurrency
exchange,
has
announced
updates
to
its
zero-fee
trading
promotion
for
JPY
spot
trading
pairs.
Starting
from
June
25,
2024,
at
00:00
UTC,
standard
maker
and
taker
fees
will
be
reintroduced
for
these
trading
pairs,
according
to
Binance.

The
changes
will
affect
all
users
trading
JPY
spot
pairs,
who
will
now
need
to
refer
to
the
updated

spot
and
margin
trading
fee
structure
for
detailed
information
on
applicable
fees.
Additionally,
the
trading
volume
of
these
pairs
will
count
towards
users’
VIP
tier
volume
calculations
and
all
Liquidity
Provider
programs
where
applicable.

Impact
on
Users

These
updates
mean
that
BNB
discounts,
referral
rebates,
and
other
adjustments
will
apply
to
JPY
spot
trading
pairs
from
the
same
date.
This
change
aims
to
streamline
fee
structures
and
enhance
the
trading
experience
for
Binance
users.

Introduction
of
Binance
Japan
VIP
Program

Coinciding
with
these
updates,
Binance
Japan
will
launch
a
VIP
Program
designed
to
cater
to
local
needs.
Starting
June
25,
2024,
users
in
Japan
can
qualify
for
any
of
the
VIP
1-4
levels,
unlocking
more
rewards
and
benefits
as
part
of
the
Binance
Japan
VIP
Program.
For
more
information,
users
are
encouraged
to
visit
the
official
Binance
announcement

here.

Strategic
Adjustments

These
strategic
adjustments
come
as
part
of
Binance’s
regular
review
of
its
promotional
offerings
to
provide
users
with
the
most
value
and
competitive
services.
By
reintroducing
standard
fees
and
launching
a
localized
VIP
program,
Binance
aims
to
better
serve
its
user
base
in
Japan
while
maintaining
a
competitive
edge
in
the
global
cryptocurrency
market.

Binance
reserves
the
right
to
amend
or
cancel
these
announcements
at
any
time
without
prior
notice.
The
company
also
emphasizes
the
importance
of
understanding
the
risks
associated
with
digital
asset
trading,
as
prices
are
subject
to
high
market
risk
and
volatility.

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source:
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