Fellow Binancians,

To further enhance the liquidity on Binance Vanilla Options and to provide a better trading experience for all users, Binance is launching the Binance Vanilla Options Market Maker Program.

Benefits:

• -0.01% maker fees
• Higher API limits
• A chance to split a bonus pool of 10,000 USDT and 50% of net income from Vanilla Options fees per week based on a composite score
• Ultra-low latency connectivity and dedicated support services

Program Description:

• The Program will run from 2021-02-21 0:00:00 AM to 2021-05-16 23:59:59 (UTC);
• The Program will apply to all Binance Vanilla Options, for details, please contact the Binance VIP team (mmprogram@binance.com);
• Market Makers will be given a composite score based on their maker volume and a set of requirements. Binance will send daily score reports via email. Please contact the Binance VIP team (mmprogram@binance.com) for details on how the composite score is calculated;
  • The composite score will be calculated taking into account of the following data, among other factors:
    • Maker volumes
    • Bid/offer spread
    • Total order size
    • Market making time
• Each week a 10,000 USDT bonus pool will be supplemented with 50% of the net income from Vanilla Options fees from the previous week. All approved Vanilla Options market makers will be eligible to receive a share of this bonus pool. The percentage each market maker will receive will be calculated based on the market maker’s composite score in proportion to all qualified Market Makers’ composite score.
• Rewards will be distributed to users’ spot wallets on a weekly basis. You will be able to login and see your rewards via Account Center > Wallet > Distribution History.

To apply, please email mmprogram@binance.com and provide proof of your 30-day trading volume (exceeding 1,000 BTC) on Binance or other exchanges, or speak with your Key Account Manager.

Risk Warning: Before placing an options order, please ensure that you have full knowledge of our options product (for more details please refer to our FAQ) and you have adequate free margin in your Vanilla Options wallet balance to pay for the premium. When you buy in an option, all the premium you pay for the option will be a loss in the event you cannot get profit from the execution of this option; when you sell out an option, any reverse fluctuation of the market price will lead to a margin call, and your account would be liquidated if you failed to provide additional collateral in a timely manner. Market price may fluctuate from time to time, therefore there is no guarantee that the price displayed will be the exact price that you execute at. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Options.
Thanks for your support!

Binance Team

2021-02-18

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