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Binance offers the Managed Sub-Account function as a purely technological solution to meet the needs of the Account Owner and Designated Trader. Binance is not a party to any contract entered into between the Account Owner and Designated Trader.
Fellow Binancians,
Binance values our users’ feedback and regularly reviews its product and service offerings to ensure we always deliver the most optimal user experience and keep our platform efficient. In line with this commitment, Binance will be updating its Managed Sub-Account (MSA) with changes to its fee structure and new MSA fees from 2024-07-01 00:00 (UTC).
MSAs will be excluded from receiving rebates under the Liquidity Provider Programs and any “Taker” program discounts.
A MSA fee will be charged to the Designated Trader based on the monthly average asset balance of each MSA and the total trading volume of all MSAs under the Designated Trader.
Liquidity Provider Program Restrictions
MSAs are not eligible for rebates under the Liquidity Provider Programs, regardless of which program tier their Designated Trader’s Master Account belongs to.
For Designated Traders which are eligible for any “Maker” rebates, the maker fee for their MSAs will be 0.
Please note, the trading volumes recorded under the MSAs will still be counted towards the volume requirements of the Designated Trader under the respective “Maker” and “Taker” programs.
The aforementioned restrictions apply to following Liquidity Provider Programs on Binance: Spot, Fiat USDⓈ-Margined Futures, and COIN-Margined Futures.
Taker Program Restrictions
USDⓈ-Margined Futures Taker Program discount will not be applied to MSAs.
MSAs’ taker volume will still contribute to the volume requirements of the Designated Trader's under the “Taker” program.
Trading fees will be charged monthly to the Designated Trader’s Master Account in accordance with the MSA Terms.
If the Designated Trader’s VIP level is between VIP 7 - 9 and is higher than the Account Owner’s VIP level, the following variable trading fees, calculated on a daily basis and billed monthly, will apply:
Please note, the applicable “Maker” variable trading fees will be waived when a Designated Trader is qualified in our Spot, Fiat, USDⓈ-Margined Futures, or COIN-Margined Futures Liquidity Provider Programs.
If the MSA has a monthly average asset balance of less than 100,000 USD in equivalent assets, an additional 500 USDT fixed trading fee will be charged.
All calculations of volumes and fees are determined by Binance at its sole and absolute discretion. Binance reserves the right to review and approve any adjustments.
Binance may, at its sole discretion, amend or terminate the Managed Sub-Account for any reason, including but not limited to:
Any applicable law, decree or judgment of any court, or any award of any arbitrator or those of any governmental or regulatory authority in any jurisdiction;
Anti-money laundering, combating financing terrorism rules or compliance regulations or rules;
Any technical problems, system failures, malfunctions, communication line failures, high internet traffic or demand, related issues, security breaches or any similar technical problems or defects experienced;
Any Force Majeure Event as defined in the Binance Terms of Use.
Binance reserves the rights to amend these terms and conditions at any time and at its sole and absolute discretion.
Please refer to our VIP & Institutional services page for more details.
There may be discrepancies in any translated version of this original article in English. In the event of any discrepancy between the English version and any translated version, the English version shall prevail.
Thank you for your support!
Binance Team
2024-06-11
Note: This announcement was updated on 2024-07-16 to add clarifications on the definitions of Account Owner, Designated Trader, and the Managed Sub-Account Trading Fees. The link to the new Binance Managed Sub-Account Terms and Conditions was also updated.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.
