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Stay up to date with the latest news and updates in the world of cryptocurrency and blockchain. Today, we bring you exciting news from Binance, one of the world’s leading cryptocurrency exchanges.
Binance Announces Updates to Spot Liquidity Provider Program
On September 9, 2024, Binance is set to update its Spot Liquidity Provider Program, introducing new benchmarks and qualifications to enhance the value and competitiveness of services offered to users.
Key highlights of the updates include:
- The revision of the Weekly Maker Volume Percentage Requirement benchmark for Tier 4 from 2.0% to 1.0%.
- Introduction of a new qualification path allowing accounts to qualify as Tier 1 by achieving $25,000,000 equivalent in Weekly Maker Volume or meeting a 0.05% Weekly Maker Volume Percentage Requirement.
- Adjustment of the Maker Fee (Rebate) ratio for Tier 4 from -0.01% to -0.008%.
- Extension of the trial period for new participants joining via Manual Application from three weeks to four weeks.
Participation Methods
There are two ways to participate in the Binance Spot Liquidity Provider Program:
- Automatic Participation: Users meeting Tier 1 requirements will be automatically enrolled.
- Manual Application (trial period): Users not meeting Tier 1 requirements can apply for a four-week trial period by emailing [email protected] or contacting their Key Account Coverage or sales representative.
Terms and Conditions
- The program is limited to spot and margin pairs listed on Binance.com.
- Participants failing to qualify for any eligible program tier for three consecutive weeks will be removed from the program.
- Binance reserves the right to disqualify participants engaging in dishonest behavior or tampering with program operations.
- Changes in program terms may occur due to regulatory requirements, technical issues, or other unforeseen events.
For more dedicated VIP and Institutional services, users can refer to Binance’s VIP Institutional Services. Visit Binance for the official announcement.
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