CoinVoice has learned that, according to an official announcement, Binance will update its fiat trading market maker program on July 14, 2025, at 08:00 (UTC+8). The main updates include:
1. Starting from July 14, 2025, at 08:00 (UTC+8), a new TRY market tier will be added to the fiat market maker program. The review tier for this market will be adjusted from one tier to two tiers;
2. The percentage requirement for the trading volume of level 1 maker orders is 0.5%; the percentage requirement for the trading volume of level 2 maker orders is 1.0%;
3. After qualifying, the fee rate for level 1 maker orders is -0.005%; the fee rate for level 2 maker orders is -0.010%;
4. The new fiat market qualification review will take effect on July 14, 2025, at 08:00 (UTC+8). Market maker accounts will be reviewed weekly based on the new activity audit mechanism;
5. Starting from July 22, 2025, at 08:00 (UTC+8), maker fee rebates will be distributed based on the market maker's trading performance in the designated spot fiat market from the previous week. [Original link]