Binance Offers Zero Maker Fee for VIP 6-8 Users on USDⓢ-Margined Futures

Binance, a leading cryptocurrency exchange, has announced a limited-time promotion offering zero maker fees for its VIP 6 to VIP 8 users on all USDⓢ-margined perpetual and delivery contracts. The promotion period will run from August 7, 2024, 10:30 UTC to October 16, 2024, 10:30 UTC, according to the official Binance announcement.

Promotion Details

This zero maker fee initiative is aimed at incentivizing high-volume traders among Binance’s top-tier VIP members. Eligible users can trade without incurring maker fees on USDⓢ-margined perpetual and delivery contracts during the specified promotion period. However, standard trading fees will apply once the promotion ends.

Terms and Conditions

Binance cautions that it reserves the right to disqualify users from the promotion if they are found to be engaged in dishonest activities such as wash trading, bulk account registrations, self-dealing, or market manipulation. Additionally, any interference with Binance's program code or the use of unauthorized software will result in disqualification.

The company also notes that there may be discrepancies in the translated versions of the announcement. Users are advised to refer to the original English version for the most accurate information.

Background and Context

Binance has been actively enhancing its trading platform to attract and retain high-volume traders. This latest promotion follows a series of initiatives aimed at improving liquidity and reducing trading costs for its users. The move is expected to further solidify Binance's position as a leading player in the cryptocurrency trading space.

In related news, Binance has been expanding its range of financial products and services, including the introduction of new futures contracts and leveraged tokens. These efforts are part of a broader strategy to offer a comprehensive trading ecosystem for both retail and institutional investors.

Disclaimer and Risk Warning

Binance emphasizes that digital asset prices can be highly volatile, and futures trading carries significant market risk and price volatility. Users may be required to make additional margin deposits or interest payments at short notice. Failure to meet these requirements could result in the liquidation of collateral without consent. Binance advises users to make independent assessments and consult advisors where appropriate before engaging in trading activities.

For more information on responsible trading practices, users can visit Binance's Responsible Trading page, and refer to the Terms of Use and Risk Warning.