Binance Futures, the futures trading platform of the cryptocurrency exchange Binance, has recently introduced enhancements to its Taker Program. The objective of these modifications is to provide improved advantages to qualified users engaging in trading activities on the platform.
Commencing from 00:00 (UTC) on April 30, 2024, eligible users will have the opportunity to receive a taker fee reduction of up to 20% on applicable USDT-margined perpetual and delivery contracts. Moreover, users can leverage a special taker fee rate of 0.0136% when trading eligible USDC-margined perpetual contracts. This promotional fee rate will remain valid until 23:59 (UTC) on July 1, 2024.
To be eligible for the Taker Program, users must achieve a total futures trading volume equivalent to 100,000,000 USDT within the last 30 days. Once meeting the criteria, users can apply for the program at their convenience. The evaluation of eligibility will be conducted as part of the weekly review of the Taker Program.
Users who have previously applied for the Taker Program are not obliged to re-submit the application form as their eligibility will be automatically evaluated. The taker fee discount and promotional fee rate will take effect on the subsequent Tuesday at 00:00 (UTC) following the weekly review.
Depending on their weekly trading volume and volume share on BTC and ETH pairs, users can qualify for increased taker fee discounts on eligible USDT-margined perpetual and delivery contracts. The following table outlines the fee tiers and their corresponding discounts.
During the period from 00:00 (UTC) on March 26, 2024, to 23:59 (UTC) on July 1, 2024, users meeting the Taker Program requirements and attaining a minimum 0.5% weekly taker volume share on USDC-margined perpetual contracts will receive a one-level upgrade in the fee tier beyond their actual qualification. Alternatively, users can reach a higher fee tier and the associated taker fee discount on eligible USDT-margined perpetual and delivery contracts based on their weekly trading volume and volume share on BTC and ETH pairs.
For instance, let’s take User A, who achieves a weekly taker volume of 3,500M USDT equivalent, a 2% weekly taker volume share on BTC and ETH pairs, and a 0.4% weekly taker volume share excluding BTC and ETH pairs on USDT-margined perpetual and delivery contracts from 00:00 (UTC) on April 22, 2024, to 23:59 (UTC) on April 28, 2024. Based on their weekly USDT-margined futures taker volume share on BTC and ETH pairs, User A qualifies for Fee Tier 3.
As a result, User A will benefit from a 20% taker fee discount on transactions involving USDT-margined perpetual and delivery contracts starting from 00:00 (UTC) on April 30, 2024, until 23:59 (UTC) on July 29, 2024. Additionally, User A will enjoy the promotional taker fee rate of 0.0136% when trading eligible USDC-margined perpetual contracts during the same timeframe.
Binance Futures remains committed to enriching the trading experience by offering users fee discounts and promotional deals through the Taker Program. These updates are designed to motivate traders and equip them with a competitive edge in the cryptocurrency futures market.
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