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