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:

1. Exclusion
   of
   MSAs
   from
   receiving
   liquidity
   provider
   program
   rebates
   and
   any
   taker
   program
   discounts.
2. 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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