Binance Introduces New Fee Structure for Managed Sub-Accounts (MSA)

Binance, one of many world’s main cryptocurrency exchanges, has introduced vital updates to its Managed Sub-Account (MSA) performance. These adjustments, efficient from July 1, 2024, alter the payment construction and introduce new restrictions on rebates and reductions, based on Binance.

Key Highlights

The principle adjustments embrace:

  1. Exclusion of MSAs from receiving liquidity supplier program rebates and any taker program reductions.
  2. Introduction of a brand new MSA payment based mostly on the month-to-month common asset stability of every MSA and the whole buying and selling quantity of all MSAs below a buying and selling group.

Restrictions in Liquidity Supplier and Taker Applications

Below the brand new guidelines, MSAs will face a number of restrictions:

  • Liquidity Program Restrictions:
    • MSAs will not be eligible for liquidity supplier program rebates, no matter this system tier of their buying and selling group’s grasp account.
    • If a buying and selling group qualifies for any maker rebates, the maker payment for their MSA will probably be zero.
    • MSA buying and selling volumes will nonetheless depend in the direction of the liquidity supplier quantity requirement of the grasp account.

  • These restrictions apply to Binance’s Spot, Fiat, USDⓈ-Margined Futures, and COIN-Margined Futures liquidity supplier applications.
  • Taker Program Restrictions: MSAs won’t profit from any taker program reductions.

Managed Sub-Account Charges

A brand new payment will probably be utilized to MSAs, calculated based mostly on the month-to-month common asset stability and whole buying and selling quantity of all MSAs below the buying and selling group.

Phrases and Situations

Binance retains the correct to find out all volumes and payment calculations at its sole discretion. The corporate could amend or terminate the MSA service for numerous causes, together with compliance with legal guidelines, technical points, or power majeure occasions. Binance additionally reserves the correct to revise the phrases and situations at any time.

For additional particulars, customers are suggested to seek the advice of the VIP & Institutional services web page on Binance’s web site.

Binance’s choice goals to streamline its MSA choices and improve the general effectivity of its platform. Merchants and institutional customers ought to overview these adjustments rigorously to grasp the influence on their operations.

Picture supply: Shutterstock

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