Binance Extends Tier 1 Promotion for USDⓢ-Margined Futures Liquidity Program

According to the announcement from Binance, the Tier 1 promotion under the USDⓢ-Margined Futures Liquidity Provider Program will continue indefinitely. This extension aims to enhance liquidity and market depth for Binance's USDⓢ-margined futures. The promotion includes updated maker fee rebates, which will be revised weekly. The promotional Tier 1 maker fees are set at -0.001% for USDT-M pairs and -0.004% for USDC-M pairs. The Binance USDⓢ-Margined Futures Liquidity Provider Program outlines specific criteria for participation. Users must achieve a minimum futures trading volume of $100,000,000 or a spot trading volume of $20,000,000 over a 30-day period on Binance or other platforms to apply. Successful applicants will receive a four-week grace period with Tier 2 maker fee rebates on USDT-margined futures contracts, exempting them from weekly reviews. Participants can qualify by achieving a weekly USDⓢ-M futures maker volume percentage of 0.10% or higher, either including or excluding BTC and ETH pairs. Maker fee rebates are awarded based on these calculations. Binance will provide daily and weekly performance reports to all participating liquidity providers. Weekly reviews will occur from Monday 00:00 UTC to Sunday 23:59 UTC, with fee tier adjustments made every Tuesday around 04:00 UTC. Participants failing to meet qualifications for three consecutive weeks will be removed from the program, with reapplication possible after one month. New participants will initially receive Tier 2 rebates, with potential for higher rebates based on performance. The program's primary goal is to support liquidity in the USDⓢ-margined futures market, with periodic adjustments based on market conditions. Binance reserves the right to amend or terminate the promotion due to regulatory changes, technical issues, or other significant reasons.