Binance has announced the launch of its Over-The-Counter (OTC) VIP Program set to start on November 30, 2023, at 00:00 UTC. The program offers users the opportunity to upgrade to VIP levels 1-4, contingent on their 30-day OTC trading volume and minimum daily average BNB token holding.
In this new scheme, the eligibility for each VIP level is structured based on certain thresholds. For VIP 1, users must hold an average daily balance of at least 25 BNB and have a 30-day OTC trading volume of more than $200,000. The requirements escalate for higher levels, with VIP 4 requiring a daily average balance of 500 BNB or more and a 30-day OTC trading volume exceeding $10,000,000.
It's notable that the OTC trading volume calculations include the trade volume of Binance OTC Spot Block Trading and Algo Orders. The count starts from November 30, 2023, at 00:00UTC, with each day defined as running from 00:00 UTC to 23:59 UTC.
