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Binance Updates Binance Options VIP Program (2024-02-23)

Binance Updates Binance Options VIP Program (2024-02-23)

2024-02-22 11:30

Fellow Binancians,

Effective from 2024-02-23 08:00 (UTC), Binance will be updating Binance Options VIP Program

Validity Period: 2024-02-23 08:00 (UTC) until further notice

Key Updates to Binance Options VIP Program:

  • New flat fee structure for all options traders

  • Lower users’ monthly options trading volume requirements for upgrading to VIP 7-9 levels 

New VIP and Fee Structure on Binance Options:

VIP Level

30-Day Options Trading Volume (USDT)

Maker Fees

Taker Fees

Regular Users

100,000,000

0.0300%

0.0300%

VIP 4

≥ 100,000,000

VIP 5

≥ 250,000,000

VIP 6

≥ 500,000,000

VIP 7

≥ 750,000,000

VIP 8

≥ 1,000,000,000

VIP 9

≥ 1,500,000,000

Note: 

  • Once a user’s 30-day Options trading volume meets the respective VIP level requirement, their account will be automatically upgraded to the respective VIP level.

  • No BNB holding required.

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

Terms & Conditions:

  • All users must complete account verification to participate in the Binance Options VIP Program.

  • All asset holding amounts, trading volumes, and metrics related to the program are measured by Binance at its sole and absolute discretion. Binance reserves the rights to the review and final approval of tier adjustments, in line with its internal requirements.

  • Self-trades will be excluded from the trade volume calculations.

  • For all requests pertaining to the adjustments of Binance Options API order rate limits and access to Options writing, please contact your key account coverage teams or email futures-business@binance.com.

  • For more information on the fee structures of other products and services, please refer to the VIP Fee Structure.  

  • Binance reserves the right to cancel or amend the Program or Program rules 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.

Thank you for your support!

Binance Team

2024-02-22 

Note: This announcement was last updated on 2024-10-15 to clarify the 30-day Options trading volume requirements. Previously, it was amended on 2024-09-27 to update the Monthly Options Trading Volume in the New VIP and Fee Structure, and to clarify that users will qualify for VIP level upgrades to VIP 4 or above if their Binance Options trading volume exceeds 100,000,000 USDT in the previous month. This announcement was also updated on 2024-06-05 to add further clarifications to the trade volume calculations.

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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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