According to the announcement from Binance, the platform will implement updates to its Fiat Liquidity Provider Program starting on 2025-07-14 at 00:00 (UTC). The key changes include the introduction of a new qualification tier for TRY markets, expanding from one to two tiers. Additionally, the Maker Fee Rebate Rate for EUR markets will be revised. The new structure requires a Maker Volume Percentage of 0.5% for Tier 1 and 1.0% for Tier 2, with corresponding Maker Fee Rebate Rates of -0.005% and -0.010%, respectively. These updates will be effective from the specified date, with liquidity providers undergoing weekly reviews based on a new performance review mechanism.
The program's incentives are structured to benefit participants who qualify for at least one eligible fiat market. Qualified markets will offer maker rebates and standard VIP taker fees across all pairs, while unqualified markets will have zero maker fees but standard VIP taker fees. To participate, users must have a 30-day trading volume exceeding 20,000,000 USDT equivalent on Binance Spot and Margin or other platforms, along with quality liquidity providing strategies. Interested users can apply for a trial period by submitting proof of trading volume to Binance's designated contact points.
The program is limited to specific fiat markets listed on Binance.com, with maker rebates settled in fiat currency regardless of the quote asset. Rebate eligibility is determined weekly based on performance across eligible fiat pairs. Maker Fee Rebates are effective from 00:00 (UTC) each Tuesday to 23:59 (UTC) the following Monday, distributed hourly to accounts executing trades. Participants not qualifying for rebates for three consecutive weeks will be removed from the program. Binance retains the right to disqualify participants for tampering, wash trades, or market manipulation, and may amend or terminate the program due to regulatory changes or other significant reasons.