Binance, a leading cryptocurrency exchange, has announced important updates to its Managed Sub-Account (MSA) feature, which will take effect from July 1, 2024. According to Binance, these changes aim to ensure optimal user experience and maintain platform efficiency.
Main Content
The update introduces several new regulations and fees for MSAs, which are sub-accounts managed by the trading team under the master account. Here are the highlights:
- Minimum Asset Requirements: Each MSA must maintain an asset account balance of at least 100,000 USD at all times.
- Rebates and discounts excluded: MSAs are not eligible for Liquidity Provider Program rebates and Taker Program discounts.
- New MSA Fees: Trading teams are charged fees based on the total asset value or trading volume of all MSAs in the trading team.
Minimum asset holding requirements
Once your MSA is activated, you must maintain an average monthly asset balance of at least 100,000 USD to continue operating. This requirement ensures that only well-funded accounts can utilize MSA features.
Limitations of Liquidity Provider and Taker Programs
MSAs are not eligible to receive Liquidity Provider Program rebates, regardless of the program tier of their Master Account. However, the MSA’s trading volume is included in the master account’s liquidity provider volume requirements. Additionally, if the master account is eligible for the maker rebate, the MSA’s maker fee will be zero.
Managed Sub-Account Fees
MSA fees are billed monthly to the trading team’s master account. Fees are calculated based on the total asset value and trading volume of all MSAs in the master account. The trading team will be charged the higher of:
- Asset Value Based Fees
- Commission based on transaction volume
- Minimum monthly fee 500 USDT
Asset value-based fees are calculated progressively, while volume-based fees are calculated daily and added up monthly. The fee structure ensures that fees reflect the MSA’s level of activity and asset holdings.
Terms of Use
Binance reserves the right to determine all trading volumes and fee calculations at its sole discretion. The Company may modify or terminate the Managed Sub-Account feature for a variety of reasons, including legal compliance, technical issues, or force majeure. All adjustments will be reviewed and approved by Binance.
For further details, please refer to Binance’s official notice.
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