Binance Futures Updates Taker Program (2024-04-30)

Fellow Binancians,

Binance Futures is updating the Taker Program. Effective from 2024-04-30 at 00:00 (UTC), eligible users may enjoy a taker fee discount of up to 20% on eligible USDT-margined perpetual and delivery contracts. In addition, users may enjoy a 0.0136% promotional taker fee when trading eligible USDC-margined perpetual contracts from now to 2024-07-01 23:59 (UTC).

Validity Period: 2024-04-30 00:00 (UTC) to 2024-07-29 23:59 (UTC)

Users who reach a total futures trading volume of 100,000,000 USDT equivalent in the last 30 days, may submit an application for the Taker Program at any time and be assessed in the weekly review of the Taker Program. 

Users who have applied for the previous Taker Program are not required to resubmit the form, and will be assessed for eligibility automatically. The taker fee discount and promotional taker fee rate will be effective from the following Tuesday at 00:00 (UTC) after the weekly review. 

Users may qualify for higher taker fee discounts on eligible USDT-margined perpetual and delivery contracts, as well as the 0.0136% promotional taker fee rate on eligible USDC-margined perpetual contracts, based on their weekly taker volume, weekly taker volume share on BTC and ETH pairs, or weekly taker volume share excluding that of BTC and ETH pairs on USDⓈ-M perpetual and delivery contracts in the previous week (i.e., Monday at 00:00 UTC to Sunday at 23:59 UTC). Refer to the table below for more details:

*Users may enjoy 10% off on top of the promotional fee rate when paying with BNB. No other promotion or discount shall be applicable.

Please Note:

• From 2024-03-26 00:00 (UTC) to 2024-07-01 23:59 (UTC), users who qualify for the Taker Program and reach a minimum 0.5% weekly taker volume share on USDC-margined perpetual contracts, will receive a fee tier upgrade that is one level higher than the fee tier they qualify for based on their weekly performance. 

• Alternatively, users may qualify for a higher fee tier and corresponding taker fee discount on eligible USDT-margined perpetual and delivery contracts, so long as they fulfill the requirements of either the weekly taker volume, weekly taker volume share on BTC and ETH pairs, or weekly taker volume share excluding that of BTC and ETH pairs on USDⓈ-M perpetual and delivery contracts for the respective fee tier. 

• Assuming user A reaches a weekly taker volume of 3,500M USDT equivalent, a 2% weekly taker volume share on BTC and ETH pairs, and a 0.4% weekly taker volume share excluding that of BTC and ETH pairs on USDⓈ-M perpetual and delivery contracts from Monday, April 22 at 00:00 (UTC) to Sunday, April 28 at 23:59 (UTC). 

  • User A will qualify for Fee Tier 3 as per the weekly USDⓈ-M futures taker volume share on BTC and ETH pairs. 

  • Therefore, user A will enjoy 20% off taker fees for trades on USDT-margined perpetual and delivery contracts starting from Tuesday, April 30 at 00:00 (UTC) to Monday, May 6 at 23:59 (UTC) (i.e., during the Validity Period).

  • As the taker fee discounts from the updated program will be effective from Tuesday, April 30 at 00:00 (UTC) only, users may still enjoy the respective taker fee discounts from the previous Taker Program till 2024-04-29 23:59 (UTC), if they have applied for the program previously and meet the corresponding requirements.

Terms & Conditions:

• Users’ weekly taker volume, weekly taker volume share on BTC and ETH pairs, and weekly taker volume share excluding that of BTC and ETH pairs on USDⓈ-M perpetual and delivery contracts will be reviewed on a weekly basis (i.e., Monday at 00:00 UTC to Sunday at 23:59 UTC).

• Weekly USDⓈ-M futures taker volume share on BTC and ETH pairs is defined by the user's weekly taker transaction volume on BTC and ETH pairs divided by the weekly total taker transaction volume on BTC and ETH pairs in the USDⓈ-M market from Monday at 00:00 (UTC) to Sunday at 23:59 (UTC).

• Weekly USDⓈ-M futures taker volume share excluding that of BTC and ETH pairs is defined by the user's weekly taker transaction volume excluding that of BTC and ETH pairs divided by the weekly total taker transaction volume excluding that of BTC and ETH pairs in the USDⓈ-M market from Monday at 00:00 (UTC) to Sunday at 23:59 (UTC).

• Weekly taker volume share on USDC-margined perpetual contracts is defined by the user's weekly taker transaction volume on USDC-margined perpetual contracts divided by the weekly total taker transaction volume on USDC-margined perpetual contracts from Monday at 00:00 (UTC) to Sunday at 23:59 (UTC).

• Any fee tier adjustments will be automatically updated on the following Tuesday at 00:00 (UTC) based on the aforementioned criteria.

• Users will be removed from the Taker Program if they do not meet the lowest criteria for three consecutive weeks. Binance Futures will not consider reapplications to the Taker Program by these users for the rest of the Validity Period.

• The taker fee discount or promotional taker fee rate will be directly applied to each taker trade.

• The taker fee discount and promotional taker fee rate are applied on top of the BNB fee discount and VIP tier rates.

• Binance Futures will provide daily and weekly reports to participating users via email.

• Binance reserves the right to amend or terminate this Program at its sole discretion.

• There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. 

For more information and further inquiries, please email futures-business@binance.com or speak directly with your sales and key account coverage teams.

Thank you for your support!

Binance Team

2024-04-22

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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.

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