Binance has announced significant updates to its Fiat Liquidity Provider Program, which will take effect on March 24, 2025, at 00:00 (UTC). The changes include the addition of a second qualification tier for EUR markets and adjustments to the Maker Fee Rebate Rate to boost liquidity incentives.
According to the crypto exchange, Tier 1 of the EUR market will now require a Maker Volume Percentage of 0.5% and offer a Maker Fee Rebate Rate of -0.005%. Meanwhile, Tier 2 will demand a higher Maker Volume Percentage of 1.0% and provide an increased rebate rate of -0.010%. The qualification review process for these tiers will begin on March 24, with weekly assessments under a revised performance evaluation system.
This new update will also affect several other fiat markets, including BRL, ZAR, PLN, UAH, ARS, RON, MXN, CZK, COP, and JPY. Notably, both BRL and ARS markets will also introduce two tiers, with Tier 1 offering a rebate rate of -0.005% and Tier 2 providing a more competitive rate of -0.015%.
In addition to these changes, Binance noted it will start distributing rebates weekly across eligible fiat markets based on the previous week’s spot trading performance starting from April 1, 2025. It noted that users must have a 30-day trading volume exceeding 20,000,000 USDT equivalent on Binance Spot and Margin or other platforms to qualify for the program. Interested users are encouraged to submit proof of their trading volume for a trial period.
However, Binance has cautioned participants against engaging in any form of program code tampering or activities such as wash trading and market manipulation, warning that violators could face disqualification. The platform noted that it reserves the right to amend or terminate the program due to changes in regulations, legal obligations, or technical issues.
The changes come as Binance introduces two new features on its margin trading platform. The new features, Margin Call Ratio Customization and Margin Call Alert Frequency Adjustment are expected to give users greater control over risk management and enhance their experience while minimizing risks during volatile trading conditions.
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