Binance Futures Announces Taker Program Update with Enhanced Discounts
Binance
Futures
has
announced
an
update
to
its
Taker
Program,
set
to
take
effect
from
July
30,
2024,
at
00:00
(UTC).
According
to
Binance,
eligible
users
will
be
able
to
enjoy
a
taker
fee
discount
of
up
to
20%
on
USDT-margined
and
USDC-margined
perpetual
and
delivery
contracts.
Details
of
the
Updated
Taker
Program
The
updated
Taker
Program
will
be
valid
from
July
30,
2024,
to
October
28,
2024.
Users
can
submit
applications
for
the
Taker
Program
at
any
time
if
they
have
reached
a
total
Futures
trading
volume
of
100,000,000
USDT
equivalent
in
the
last
30
days.
Eligibility
will
be
assessed
during
the
Program’s
weekly
review.
For
users
who
have
already
applied
for
the
previous
Taker
Program,
there
is
no
need
to
resubmit
the
form.
These
users
will
be
automatically
assessed
for
eligibility,
and
the
taker
fee
discount
will
be
effective
from
the
following
Tuesday
at
00:00
(UTC)
after
the
weekly
review.
Higher
Discounts
Based
on
Volume
Users
may
qualify
for
higher
taker
fee
discounts
on
eligible
USDⓈ-margined
perpetual
and
delivery
contracts
based
on
their
weekly
taker
volume
share
on
BTC,
ETH,
and
BNB
pairs,
or
weekly
taker
volume
share
excluding
BTC,
ETH,
and
BNB
pairs.
The
specific
discounts
will
be
determined
based
on
the
user’s
trading
activity
from
Monday
00:00
UTC
to
Sunday
23:59
UTC
of
the
previous
week.
Additional
Benefits
and
Conditions
Users
who
qualify
for
the
Taker
Program
during
the
validity
period
and
achieve
a
minimum
1%
weekly
taker
volume
share
on
USDC-margined
perpetual
contracts
will
receive
a
fee
tier
upgrade
that
is
one
level
higher
than
their
current
fee
tier.
Alternatively,
users
may
qualify
for
a
higher
fee
tier
and
corresponding
taker
fee
discount
on
eligible
USDT-margined
perpetual
and
delivery
contracts
if
they
meet
the
requirements
for
weekly
taker
volume
share
on
BTC,
ETH,
and
BNB
pairs,
or
excluding
these
pairs
on
USDⓈ-M
perpetual
and
delivery
contracts.
Example
Scenario
For
instance,
if
a
user
reaches
a
2%
weekly
taker
volume
share
on
BTC,
ETH,
and
BNB
pairs
and
a
0.4%
weekly
taker
volume
share
excluding
these
pairs,
they
will
qualify
for
Fee
Tier
3.
Consequently,
the
user
will
enjoy
a
20%
discount
on
taker
fees
for
trades
on
USDT-margined
and
USDC-margined
perpetual
and
delivery
contracts
starting
from
July
30,
2024.
Terms
&
Conditions
-
Weekly
taker
volume
share
on
BTC,
ETH,
and
BNB
pairs
and
excluding
these
pairs
will
be
reviewed
weekly
from
Monday
00:00
UTC
to
Sunday
23:59
UTC. -
Fee
tier
adjustments
will
be
updated
automatically
on
the
following
Tuesday
at
00:00
UTC
based
on
the
criteria. -
Users
failing
to
meet
the
minimum
criteria
for
three
consecutive
weeks
will
be
removed
from
the
Taker
Program
and
cannot
reapply
during
the
validity
period. -
Taker
fee
discounts
are
applied
on
top
of
the
BNB
fee
discount
and
VIP
tier
rates. -
Binance
reserves
the
right
to
amend
or
terminate
the
program
at
its
discretion.
For
more
details,
visit
the
official
Binance
announcement.
Image
source:
Shutterstock
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