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Binance Upgrades Options Market Maker Program (2023-01-20)

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Binance Upgrades Options Market Maker Program (2023-01-20)

Fellow Binancians, To further enhance the liquidity on Binance Options and provide a better trading experience for all users, Binance has upgraded the Options Market Maker Program as of 2023-01-20. Benefits of Options Market Maker Program:

  • Net zero trading fees
  • Higher order rate limits
  • Market Maker Protection (MMP)
  • Weekly VIP Level upgrades and adjustments
  • Auto Cancel All Open Orders (Kill Switch)

Upgraded Fee Structure

  <strong>Maker Fees</strong>   <strong>Taker Fees</strong>     <strong>Options Market Makers</strong>   <strong>-0.015%</strong>   <strong>0.015%</strong>     <strong>Options VIPs</strong>   0.00%   0.015%     <strong>Regular Users </strong>   0.02%   0.02%     <p> <strong>VIP Level Upgrade Structure for Options Market Makers</strong> </p>     <strong>Weekly Share of Options Trading Volume</strong>   <strong>VIP Level</strong>     5.00%   VIP 6     10.00%   VIP 7     15.00%   VIP 8     20.00%   VIP 9     <p> <strong>How to Qualify:</strong> </p> <ul> <li>Users with proof that their 30-day Options trading volumes have exceeded <strong>50,000 ETH (or equivalent) on Binance Options or other platforms</strong> may qualify for this Program. We will also consider your application if you can provide valid proof of similar Options trading volumes on other asset classes outside of cryptocurrencies.</li> <li>If you are interested in applying for the Options Market Making Program, please email futures-business@binance.com and provide proof of your Options trading volumes (e.g. screenshots of your Options trading volumes on Binance or another exchange). Alternatively, you may also speak directly with your Key Account Manager.</li> </ul> <p> <strong>Terms &amp; Conditions:</strong> </p> <ul> <li>All users must complete account verification to participate in the Options Market Maker Program.</li> <li>All trading volumes and metrics related to the program are measured by Binance at its sole and absolute discretion. Binance reserves the rights to the review and final approval of tier adjustments, in line with internal requirements.</li> <li>Options trading volumes will be reviewed every Monday. Options Market Makers will receive VIP Level upgrades and adjustments based on their weekly share of Options trading volume <strong>every Monday at 08:00 (UTC)</strong>, and stand to enjoy privileges that are exclusive to Binance VIPs.</li> <li>Binance Options will provide Options Market Makers a market maker performance review report <strong>every Monday at 08:00 (UTC)</strong>, based on their weekly share of Options trading volume.</li> <li>For more information on the fee structures of other products and services, please refer to the VIP Fee Structure.</li> <li>Binance reserves the right to cancel or amend the Program or Program rules at its sole discretion.</li> <li>Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.</li> </ul> <p> <br/> </p>

Source: ethereum.today

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