Leading cryptocurrency exchange Binance has announced an update to its commission-free trading promotion for the JPY spot trading pair. According to Binance, starting June 25, 2024 at 00:00 UTC, standard maker and taker fees will be reintroduced for these trading pairs.
The changes affect all users trading JPY spot pairs and should refer to the updated Spot and Margin Trading Fee Structure for further details on applicable fees. Additionally, the trading volume of these pairs will be reflected in the calculation of the user’s VIP tier volume and in all applicable liquidity provider programs.
Impact on Users
These updates mean that BNB discounts, referral rebates and other adjustments will apply to the JPY spot trading pair from the same date. This change aims to simplify the fee structure and improve the trading experience for Binance users.
Introducing the Binance Japan VIP Program
Along with these updates, Binance Japan will be launching a VIP program designed to meet local requirements. Starting June 25, 2024, Japanese users will be able to achieve one of VIP levels 1 to 4 and enjoy more rewards and benefits as part of the Binance Japan VIP program. For more information, please visit the official Binance announcement here.
strategic coordination
This strategic adjustment was made as part of Binance’s regular review of promotional products to provide users with the most valuable and competitive services. By reintroducing standard fees and launching a localized VIP program, Binance aims to better serve its Japanese user base while remaining competitive in the global cryptocurrency market.
Binance reserves the right to modify or cancel this announcement at any time without prior notice. The company also emphasizes that it is important to understand the risks associated with trading digital assets, as prices are subject to high market risk and volatility.
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