Binance Updates Fiat Trading Market Maker Program

Binance has updated its fiat trading market maker program by adding a new EUR market tier with a 1% minimum maker volume percentage.

According to a recent notice, the crypto exchange platform has introduced a second tier to its EUR markets in Binance’s Fiat Liquidity Provider Program. The EUR market will have two trading tiers instead of one starting from March 24, 2025, at 00:00 UTC.

• Tier 1: Requires a weekly maker volume percentage of 0.5%.
• Tier 2: Requires a maker volume of 1%.

The maker volume percentage indicates a user’s weekly trading volume of maker orders in a specific fiat market relative to the total maker trading volume on the platform. This metric determines eligibility for various tiers within the program, which offer different fee rebates.

Liquidity providers will be reviewed weekly under the new program mechanism.

Fee Rebate Rates

In conjunction with the new tier, Binance will update its maker fee rebate rate for EUR markets:
– EUR Tier 1 users will receive a maker fee rebate of -0.005%.
– EUR Tier 2 users will be subject to a maker fee rebate of -0.010%.

Similar to liquidity providers, maker fee rebates will be updated weekly, starting from April 1, 2025, at 00:00 UTC. These rebates will be distributed based on spot trading performance during the prior week across selected fiat markets.

With this update, the EUR market becomes the sixth fiat currency to receive a second trading tier. Other fiat markets with two tiers include BRL, ARS, MXN, COP, and JPY.

Fraud Warnings

Earlier today, Australian authorities warned crypto traders of an ongoing fraud tactic where scammers impersonate Binance representatives, contacting victims with fake warnings about breached accounts.