Introducing The New and Improved Spot Liquidity Provider Program
Main Takeaways:
Binance will be upgrading its Spot Liquidity Provider Program next month
The Spot Liquidity Provider Program is a program that benefits top-tier liquidity providers on Binance.
See the new changes and how to enroll in the program in this article
To bring more liquidity to our customers, Binance has upgraded the Spot Liquidity Provider Program. Find out what’s new and how you can enroll in the program here.
Since the launch of the Spot Liquidity Providers program in September 2019, Binance has been following the feedback and suggestions to constantly make improvements to our program. We are delighted to present the latest updates for our Spot Liquidity Provider Program to bring to you an even better experience.
The Spot Liquidity Providers program is a program that benefits top-tier liquidity providers on Binance. Eligible market makers can enjoy trading fee reductions and higher API limits. Find out how to qualify for the program.
What’s New?
Higher rebates
Qualified Liquidity Providers can now enjoy higher maker fee rebates of up to -0.01% as well as higher API limits. Please refer to the new Binance Liquidity Provider Structure table below for more information.
Automatic participation method available
Users with weekly maker volumes that meet Tier 1 requirements of the Binance Spot Liquidity Provider program will automatically be enrolled in the program with no application required.
Lower trial period eligibility
Eligibility requirements have been lowered to VIP 3 so that more users can try out the program. Please refer to the section on how to enroll manually in the Spot Liquidity Provider program.
Simpler requirements
The complex score ranking system has been removed and there are now simpler criteria to allow more users to enjoy rebates.
New Binance Liquidity Provider Structure
We have increased the maker fee rebates and the number of rebate tiers to offer users a better experience. Please refer to the table below for the Binance Liquidity Provider Structure.
Time:
The maker volume will be calculated from 2022-02-21 00:00 (UTC)
The maker fees rebates will be updated from 2022-03-01 00:00 (UTC)
New Binance Liquidity Provider Structure is as follows.
How To Enroll In The Spot Liquidity Provider Program
For users who do not meet Tier 1 requirements, you can still enroll in a trial period of 3 weeks via a Manual application if you have a trading volume of over 20,000,000 BUSD on spot to enjoy Tier 1 maker fee rebates during this period. Please email mmprogram@binance.com or contact your Key Account Manager to provide proof to apply for the trial.
Conclusion
Binance Exchange is home to one of the world's leading crypto exchange by trading volume, offering the best liquidity performance and features including Spot and Margin trading for traders of all backgrounds. Traders interested trading can take a look at the 1400+ trading pairs we have available. To take part in the Spot Liquidity Provider program and other programs offered within Binance ecosystem, sign up for a Binance account today.
Risk Warning: Margin trading carries a substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movement. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Margin.
All trading volumes and metrics related to the program are measured by Binance at its sole and absolute discretion.