Peter Zhang
Aug 5, 2024 11:52
Binance has announced a limited-time zero maker fee promotion for VIP 6-8 users on USDⓢ margin futures trading from August 7, 2024 to October 16, 2024.
Major cryptocurrency exchange Binance has announced a limited-time promotion that provides 0 maker fees for all USDⓢ margined perpetual and delivery contracts for VIP 6 to VIP 8 users. According to an official announcement from Binance, the promotion period will run from August 7, 2024 10:30 UTC to October 16, 2024 10:30 UTC.
Promotion Details
This zero maker fee initiative aims to incentivize high-volume traders among Binance’s top VIP members. Eligible users can trade USDⓢ margined perpetual and delivery contracts without incurring maker fees during the specified promotion period. However, standard trading fees will apply once the promotion ends.
Terms of Use
Binance warns that it reserves the right to disqualify users from the promotion if it finds that they are involved in any fraudulent activities such as wash trading, bulk account registration, self-dealing, or market manipulation. Additionally, any interference with Binance’s program code or use of unauthorized software will result in disqualification.
The Company also informs that there may be differences in the translated versions of the Notice. Users are encouraged to refer to the original English version for the most accurate information.
Background and context
Binance has been actively improving its trading platform to attract and retain high-volume traders. This latest promotion is part of a series of initiatives to improve liquidity and reduce trading costs for users. This move is expected to further solidify Binance’s position as a leading player in the cryptocurrency trading space.
In related news, Binance has been expanding its range of financial products and services, including the introduction of new futures contracts and leveraged tokens. These efforts are part of a broader strategy to provide a comprehensive trading ecosystem for both retail and institutional investors.
Disclaimer and Risk Warning
Binance emphasizes that digital asset prices can be highly volatile, and futures trading carries significant market risk and price volatility. Users may be required to make additional margin deposits or interest payments at short notice. Failure to meet these requirements may result in liquidation of collateral without consent. Binance advises users to make an independent evaluation and consult with advisors if necessary before engaging in any trading activity.
To learn more about our responsible trading practices, users should visit Binance’s Responsible Trading page and review our Terms of Use and Risk Warnings.
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