According to the official announcement, Binance will update the spot market maker program at 08:00 (ET) on September 9, 2024. The specific adjustments are:
1. The weekly pending order volume percentage requirement for Level 4 will be updated from 2.0% to 1.0%;
2. The program will introduce a new qualification review method. Market makers can obtain Level 1 qualification by reaching the equivalent of USD 25,000,000 per week or a percentage of 0.05% per week;
3. The order handling fee (rebate) ratio of Level 4 will be adjusted from -0.01% to -0.008%;
4. The trial period of new market maker accounts participating through manual application will be extended from three weeks to four weeks;
5. The new qualification requirements will take effect at 08:00 (Eastern Time) on September 9, 2024;
6. The new order handling fee (rebate) ratio will be changed on September 17, 2024.