Binance Futures Introduces Enhanced Taker Fee Discounts for USDT and USDC Contracts
Terrill Dicki Oct 22, 2024 09:05
Binance Futures announces updates to its Taker Program, offering up to 20% discounts on USDT and USDC-margined contracts starting October 29, 2024, based on trading volume criteria.
Binance Futures is set to revamp its Taker Program, providing eligible users with significant fee discounts on USDT and USDC-margined perpetual and delivery contracts. The updated program will be effective from October 29, 2024, and will run until January 27, 2025, according to Binance.
Discount Details and Eligibility
The new Taker Program offers discounts of up to 20% for users who meet certain trading volume criteria. To qualify, users must have a total futures trading volume equivalent to 100,000,000 USDT over the past 30 days. Participants can apply and be reviewed weekly for eligibility. Those who have previously applied for the Taker Program do not need to reapply, as they will automatically be considered for the new discounts.
Fee Tier and Volume Share Requirements
The program introduces a tiered fee system, allowing users to achieve higher discounts based on their weekly taker volume share in BTC, ETH, BNB pairs, or other USDⓈ-M perpetual and delivery contracts. A minimum 1% weekly taker volume share on USDC-margined contracts also qualifies users for a fee tier upgrade, offering one level higher than their current tier.
Terms and Conditions
Binance will review users’ weekly taker volume shares from Monday to Sunday to determine eligibility and applicable discounts. Adjustments to fee tiers will occur automatically on the following Tuesday at 00:00 UTC. Users failing to meet the minimum criteria for three consecutive weeks will be removed from the program and will not be eligible to reapply during the validity period.
These taker fee discounts are additional to existing BNB fee discounts and VIP tier rates. Binance will provide participating users with daily and weekly reports through email.
For more information, visit the official announcement on Binance.
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