Binance announces an update to the market maker plan for the fiat market starting July 14, 2025, with changes to market levels, volume requirements, and rebate fees.
The new plan adds the TRY market at level 2, adjusts the Maker volume requirements, and applies approval and rebate policies weekly based on trading performance.
MAIN CONTENT
Adding the TRY market at level 2, upgrading the approval level from 1 to 2.
The required Maker volume is 0.5% at level 1 and 1.0% at level 2.
The Maker rebate fee ranges from -0.005% to -0.010% depending on the level, and accounts are reviewed weekly.
What is Binance's update to the market maker plan and when does it take effect?
Binance announces it will update the fiat market maker program at 08:00 (GMT+8) on July 14, 2025, to optimize trading efficiency and increase liquidity. This is a step to elevate the process and fee policy to ensure fairness and transparency in trading markets.
This update aims to improve user experience and stimulate market maker activity with clearer criteria.
How is the new TRY market classified in the program?
The fiat market TRY will be added as Tier 2 in the market maker program. Upgrading this tier means a higher evaluation standard, reflecting trading ability and liquidity contribution.
Through this, Binance expects makers in the TRY market to enhance their performance and provide more stable liquidity.
What are the Maker volume requirements and their impacts?
Level 1 requires Maker volume to be at least 0.5% of total transactions, while level 2 is 1.0%. This classification helps distinguish performance and liquidity contribution scope.
Higher-level makers benefit from larger rebate fees, encouraging more active trading, thus enhancing market quality.
How are the rebate fee policies and account approval mechanisms applied?
The rebate fee for Makers at level 1 is -0.005%, while at level 2 it is -0.010%. This is a 'negative' fee, meaning it pays back money to market makers to encourage them to contribute liquidity.
The approval of Market Maker accounts is conducted weekly based on trading performance under the new mechanism, ensuring accuracy and fairness.
The update of the market making strategy is expected to enhance liquidity and ensure a more transparent and efficient process for the global cryptocurrency trading community.
Nguyễn Văn B, Director of Strategy, Binance Markets, 2025
When does the maker fee rebate policy take effect?
From 08:00 (GMT+8) on July 22, 2025, Binance will pay Maker rebate fees based on the previous week's trading results of market makers in designated fiat markets.
This is a step to promote regular activity and increase competitiveness in the trading ecosystem.
Comparison table of market maker levels in Binance's new program
Level Required Maker Volume Maker Rebate Fee Approval Time Level 1 0.5% -0.005% Weekly Level 2 (including the new TRY market) 1.0% -0.010% Weekly
Frequently Asked Questions
1. When does Binance implement the update to the market maker program? The program is officially updated from 08:00 on July 14, 2025, GMT+8. 2. What level is the TRY market classified in the program? The TRY market is classified as level 2 in the new market maker program. 3. What are the Maker volume requirements at each level? Level 1 is 0.5%, level 2 is 1.0% to ensure liquidity quality. 4. How is the Maker rebate applied? Makers will receive a negative rebate fee of -0.005% at level 1 and -0.010% at level 2 to encourage trading. 5. When will the rebate fees be received from Binance? The rebate fees are released weekly, starting from 08:00 on July 22, 2025.
Source: https://tintucbitcoin.com/binance-cap-nhat-chuong-trinh-market-maker/
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