Binance Upgrades Options Market Maker Program (2023-01-20)
2023-01-20 03:30
Fellow Binancians,
To further enhance the liquidity on Binance Options and provide a better trading experience for all users, Binance has upgraded the Options Market Maker Program as of 2023-01-20.
Users with proof that their 30-day Options trading volumes have exceeded 50,000 ETH (or equivalent) on Binance Options or other platforms may qualify for this Program. We will also consider your application if you can provide valid proof of similar Options trading volumes on other asset classes outside of cryptocurrencies.
If you are interested in applying for the Options Market Making Program, please email [email protected] and provide proof of your Options trading volumes (e.g. screenshots of your Options trading volumes on Binance or another exchange). Alternatively, you may also speak directly with your Key Account Manager.
All trading volumes and metrics related to the program are measured by Binance at its sole and absolute discretion. Binance reserves the rights to the review and final approval of tier adjustments, in line with internal requirements.
Options trading volumes will be reviewed every Monday. Options Market Makers will receive VIP Level upgrades and adjustments based on their weekly share of Options trading volume every Monday at 08:00 (UTC), and stand to enjoy privileges that are exclusive to Binance VIPs.
Binance Options will provide Options Market Makers a market maker performance review report every Monday at 08:00 (UTC), based on their weekly share of Options trading volume.
For more information on the fee structures of other products and services, please refer to the VIP Fee Structure.
Binance reserves the right to cancel or amend the Program or Program rules at its sole discretion.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Options trading, in particular, is subject to high market risk and price volatility. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.
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