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OTC Portal Trading Volumes Will Now Count Towards VIP Tier Requirements

2020-07-20 04:16

Fellow Binancians,

As we strive towards continuing to improve the Binance ecosystem, we are excited to announce that OTC Portal crypto trading volumes will now count towards VIP tier requirements. Specifically, all OTC Portal volumes, which you can check here, will count as part of spot trading volumes (starting from 2020/07/20 4:00 AM UTC), and can help lower your trading fees on Binance. 

For example, if a user has made 40 BTC worth of trades on Binance’s spot exchange and has made 10 BTC worth of trades on the Binance OTC Portal (all in the past 30 days), the user’s total past-30 day trading volume will be 50 BTC, meeting the requirements for VIP 1. Under the previous system, this user would be at VIP 0 and they would not be able to enjoy any of the VIP benefits. 

By using the Crypto OTC Portal, users can also limit slippage on block trades and receive quick (usually instant) settlement, all with zero trading fees.

Please note:

Thanks for your support!

Binance Team


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