Binance has updated its Fiat Liquidity Provider Program, introducing a new EUR market tier that requires a minimum 1% maker volume percentage. This update aims to enhance liquidity within Binance’s fiat trading ecosystem, offering more incentives for market participants.
New Trading Tiers for EUR Markets
Starting March 24, 2025, at 00:00 UTC, Binance’s EUR market will feature two distinct trading tiers instead of one:
- Tier 1: Requires a weekly maker volume percentage of 0.5%.
- Tier 2: Requires a weekly maker volume percentage of 1%.
The maker volume percentage represents a user’s weekly trading volume of maker orders within a fiat market relative to the total maker trading volume across Binance. This metric determines eligibility for different tiers, each of which offers distinct fee rebates.
Fee Rebates and Weekly Reviews
Alongside the new tier structure, Binance is also adjusting its maker fee rebate rates for EUR markets:
- EUR Tier 1 users: Maker fee rebate of -0.005%.
- EUR Tier 2 users: Maker fee rebate of -0.010%.
These rebates will be distributed based on spot trading performance from the previous week, with updates occurring weekly starting April 1, 2025, at 00:00 UTC. Liquidity providers will also undergo weekly reviews to ensure compliance with the updated program guidelines.
EUR Joins Other Fiat Currencies with Two-Tier Trading
The EUR market is now the sixth fiat currency on Binance to implement a second trading tier, joining:
- BRL (Brazilian Real)
- ARS (Argentine Peso)
- MXN (Mexican Peso)
- COP (Colombian Peso)
- JPY (Japanese Yen)
Security Advisory: Binance Impersonation Scams
On a separate note, Australian authorities have issued a warning regarding an ongoing fraud tactic where scammers impersonate Binance representatives. These fraudsters reportedly contact victims with fake security alerts, falsely claiming that their Binance accounts have been breached. Traders are urged to verify communications and exercise caution when responding to unsolicited messages.
With this latest fiat market expansion, Binance continues to refine its liquidity provider program, ensuring a more structured and incentivized trading experience for users engaging in fiat-to-crypto markets.
