Fellow Binancians,
Binance is pleased to introduce the Binance Options Enhanced Program. Starting from 2024-04-05 00:00 (UTC) until further notice, eligible users will enjoy discounted taker fees and receive maker fee rebates on Binance Options as per the tables below. The Binance Options Enhanced Program will replace the existing Binance Options Market Maker Program going forward.
Users who reach a total Options notional trading volume of 100,000,000 USDT equivalent in the last 30 days, may submit an application for the Binance Options Enhanced Program at any time and be assessed in the weekly review of the Binance Options Enhanced Program. To apply for this program, please provide proof of your trading volume to futures-business@binance.com or contact your sales or key account coverage team.
Successful applicants will be eligible for a three-week grace period, where they will be granted Tier 1 maker and taker fee rates on Binance Options and be exempt from weekly reviews.
Maker Fee Schedule Under Binance Options Enhanced Program
Taker Fee Schedule Under Binance Options Enhanced Program
Binance Options Bonus: Tier Upgrades Based on Weekly Options Maker or Taker Volume Share
For Example:
If a participant achieves 210M Weekly Maker Volume (which represents 16.5% in the Weekly Maker Share) and 75M Weekly Taker Volume (which represents 9% of the Weekly Taker Share), the participant's maker and taker fee rates in the following week will be -0.015% and 0.0255% respectively, as corresponding to Maker Fee Tier 2 and Taker Fee Tier 1.
On top of that, the participant will be eligible to opt for upgrading to either USDⓈ-M Futures Liquidity Provider Tier 3 or VIP 9 for achieving over 15% in Weekly Maker Volume Share.
Terms & Conditions:
Binance will provide weekly reports to all participating users every Monday at 06:00 (UTC), which contain details of their performances. Users’ Weekly Maker/Taker Volume and Maker/Taker Volume Share will be reviewed on a weekly basis (i.e., Monday at 00:00 UTC to Sunday at 23:59 UTC).
Maker fee rebates are paid immediately upon trade execution. All participants’ eligibility to receive maker fee rebates is reviewed and adjusted once a week based on their previous week's performance.
Taker fee discount will be directly applied to each taker trade. All participants’ eligibility for taker fee discounts is reviewed and adjusted once a week based on their previous week's performance.
Weekly Options Maker Volume Share is defined as the user's Weekly Maker Volume divided by the Total Weekly Maker Volume on Binance Options from Monday at 00:00 (UTC) to Sunday at 23:59 (UTC).
Weekly Options Taker Volume Share is defined as the user's Weekly Taker Volume divided by the Total Weekly Taker Volume on Binance Options from Monday at 00:00 (UTC) to Sunday at 23:59 (UTC).
Any fee tier, USDⓈ-M Futures Liquidity Provider Tier and VIP Level adjustments will be updated by the following Tuesday at 08:00 (UTC) based on the aforementioned criteria at the latest.
Users will be removed from the Enhanced Program if they do not meet the minimum weekly notional volume of 25,000,000 USDT for three consecutive weeks. These users can only file a new application for the Binance Options Enhanced Program after one month from the latest removal date.
Qualified new participants will enjoy Tier 1 maker and taker fees for the first three weeks. From the second week, if the performance of new participants qualifies them to obtain a tier higher than Tier 1, then these participants will enjoy the corresponding higher fee tier. At the end of the three-week grace period, new participants’ fee rates will be adjusted based on their performance in the previous week.
Binance reviews the effectiveness of this program regularly. The program requirements will be adjusted periodically as market conditions change. Binance will, on a best efforts basis, provide one week’s notice before introducing any new changes to the program. However, where this is not practicable, Binance reserves the right to, at its sole discretion, make changes and remove users from the program without prior notice.
All trading volumes and metrics related to the program are measured by Binance at its sole and absolute discretion. Self-trades will be excluded from volume calculations.
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
2024-04-05
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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 can be volatile. 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. Options trading, in particular, is subject to high market risk and price volatility. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.