Binance is expanding its Fiat Liquidity Provider Program by introducing a second trading tier for EUR markets. The update, set to take effect on March 24, 2025, at 00:00 UTC, marks a significant shift in the exchange’s approach to market-making incentives. The move follows similar expansions in other fiat markets, including BRL, ARS, MXN, COP, and JPY.
The revised structure introduces two distinct tiers for EUR market participants. The first tier requires users to maintain a weekly maker volume percentage of at least 0.5%, while the newly added second tier sets a higher threshold of 1.0%.
Maker volume percentage is calculated based on a user’s weekly maker trading activity relative to the total maker volume in a given fiat market. Binance’s updated review process will assess liquidity providers weekly to determine tier eligibility.
Binance is also adjusting maker fee rebate rates in line with the new structure. Tier 1 traders will receive a -0.005% rebate on maker fees, while Tier 2 participants will qualify for a -0.010% rebate.
These rebates will be distributed weekly, with the first update scheduled for April 1, 2025, at 00:00 UTC. Eligible liquidity providers will receive rebates based on their previous week’s spot trading performance across selected fiat markets.
The new EUR trading tier aligns Binance’s EUR markets with existing two-tiered structures in other fiat markets. The exchange has already implemented similar models in BRL, ARS, MXN, COP, and JPY trading. By introducing an additional tier, Binance aims to encourage higher liquidity and participation from institutional traders.
Participation in the Fiat Liquidity Provider Program is open to traders who meet the volume requirements. Users with a 30-day trading volume exceeding 20 million USDT equivalent across Binance Spot and Margin platforms and who demonstrate effective liquidity-providing strategies can qualify for the program.
As Binance continues to expand its liquidity initiatives, the platform now serves 260 million users worldwide, reinforcing its goal of making crypto trading more accessible.
To support this, Binance has also introduced products such as Copy Trading, which enables users to follow experienced traders, and Binance Wallet, designed to provide secure access to Web3. These tools aim to bridge the gap for users who may find the complexities of crypto trading challenging.
Binance will continue to monitor liquidity providers’ performance and enforce compliance measures. The exchange reserves the right to disqualify users engaged in market manipulation, including wash trading, bulk account registrations, and self-dealing. Participants failing to qualify for maker rebates for three consecutive weeks may be removed from the program.
Regardless of the quote asset, all maker rebates will be settled in fiat currency. This means that rebates will be credited in EUR for EUR trading pairs, such as BTC/EUR and EUR/USDT. API users can track their rebate history through Binance’s transaction history dashboard.
The program update comes amid heightened scrutiny of security practices within the crypto industry. Earlier today, Australian authorities warned crypto traders about an emerging fraud scheme in which scammers impersonate Binance representatives. The fraudulent actors allegedly contact users with fake security alerts, falsely claiming their accounts have been compromised.
