Welcome to Extreme Investor Network, where we provide the latest insights and updates on cryptocurrency, blockchain, and other investment opportunities. Today, we are excited to bring you exclusive information on the recent updates to Binance’s Managed Sub-Account (MSA) functionality.
Binance, a top-tier cryptocurrency exchange, has implemented significant changes to its MSA feature, effective from July 1, 2024. These updates include modifications to the fee structure and new restrictions on rebates and discounts for MSAs. Let’s delve into the key highlights of these changes.
Updates to Managed Sub-Account Functionality
The main changes announced by Binance are:
- Exclusion of MSAs from receiving liquidity provider program rebates and any taker program discounts.
- Introduction of a new MSA fee based on the monthly average asset balance of each MSA and the total trading volume of all MSAs under a trading team.
Restrictions in Liquidity Provider and Taker Programs
Under the updated guidelines, MSAs will encounter several restrictions:
- Liquidity Program Restrictions:
- MSAs are not eligible for liquidity provider program rebates, regardless of their trading team’s master account tier.
- If a trading team qualifies for maker rebates, the maker fee for their MSA will be zero.
- MSA trading volumes will still contribute to the liquidity provider volume requirement of the master account.
- These restrictions apply to Binance’s Spot, Fiat, USDⓈ-Margined Futures, and COIN-Margined Futures liquidity provider programs.
- Taker Program Restrictions: MSAs will not receive any taker program discounts.
Managed Sub-Account Fees
A new fee structure for MSAs will be based on the monthly average asset balance and total trading volume of all MSAs under the trading team. This fee calculation aims to align with the trading activity and assets held in the sub-accounts.
Binance’s Terms and Conditions
Binance retains the right to determine all volumes and fee calculations at its discretion. The company may adjust or terminate the MSA service for various reasons, including legal compliance, technical issues, or unforeseen events. Additionally, Binance reserves the right to update the terms and conditions as necessary.
To access more detailed information, users can refer to the VIP & Institutional services page on Binance’s official website. These updates by Binance are designed to optimize the MSA offerings and enhance platform efficiency. Traders and institutional users are advised to review these changes carefully to understand the implications on their operations.
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