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At Extreme Investor Network, we strive to provide the latest and most valuable information in the world of crypto, cryptocurrency, and blockchain. Today, we’re excited to share with you the recent updates from Binance, one of the leading cryptocurrency exchanges, regarding their VIP Program.
Key Updates from Binance
Binance has announced updates to its VIP Program, specifically targeting spot and margin trading fees for VIP 5 to VIP 8 users. Additionally, they have lowered the trade volume requirements for VIP 4 users. These changes are set to go into effect from July 18, 2024, at 00:00 (UTC).
What You Need to Know
- Updates to the Maker and Taker fees for Spot and Margin VIP 5 to VIP 8 users
- Reduction in the 30-Day Trade Volume requirement for Spot and Margin VIP 4 users from ≥ 100,000,000 USD to
≥ 75,000,000 USD
These adjustments are designed to enhance the value and services offered to Binance users. It’s essential to note that the standard maker and taker fees will be reinstated after the offering ends on October 18, 2024, at 00:00 (UTC).
Understanding the VIP Fee Structure
The updated fee structure will impact trading volume calculations across Spot, Margin, Trading Bots, Spot Copy Trading, and Convert on Binance. These values are calculated in USD equivalents based on the exchange rate under Binance’s Multi-Assets mode.
Terms & Conditions to Keep in Mind
- Spot and margin trading volumes are tabulated daily between 01:00 (UTC) and 05:00 (UTC).
- Binance reserves the right to disqualify trades that they deem as wash trades, illegal bulk account registrations, or market manipulation.
- Participants found tampering with Binance’s program code or operation may be disqualified.
For more detailed information on how to become a VIP and the associated benefits, we encourage you to visit Binance’s VIP and Institutional Services page on their website.
Remember, investing in digital assets carries high market risk and price volatility. It’s crucial to make informed decisions based on your financial situation, investment goals, and risk tolerance. Binance is not liable for any losses incurred, and past performance is not indicative of future results.
Stay tuned for more exclusive insights and updates from Extreme Investor Network. Let’s navigate the world of crypto together!