Binance has enhanced its fiat trading market maker program by introducing a new tier for the EUR market, featuring a minimum maker volume percentage of 1%.
In a recent announcement, the cryptocurrency exchange has unveiled a second tier for its EUR markets within the Fiat Liquidity Provider Program. Beginning March 24, 2025, at 00:00 UTC, the EUR market will now have two distinct trading tiers.
The initial tier mandates that users achieve a weekly maker volume percentage of 0.5%, while the second tier demands a maker volume of 1% from participants.
The maker volume percentage reflects the ratio of a user’s weekly trading volume of maker orders in a specific fiat market to the total maker trading volume in that market across the platform. This figure is critical for determining eligibility for the various tiers, each providing unique fee rebates.
According to the announcement, liquidity providers will undergo weekly evaluations in line with the new program framework.
Additionally, the platform will revise its maker fee rebate rates for EUR markets. Users in EUR tier 1 will enjoy a maker fee rebate of -0.005%, while those in EUR tier 2 will receive a rebate of -0.010%.
Similar to liquidity providers, the maker fee rebates will also be adjusted on a weekly basis, starting from April 1, 2025, at 00:00 UTC. These rebates will be allocated to liquidity providers based on their spot trading performance from the previous week in the chosen fiat markets.
This update makes the EUR markets the sixth fiat currency to implement a second trading tier, joining other fiat markets like BRL, ARS, MXN, COP, and JPY.
Earlier today, Australian authorities issued a warning to crypto traders regarding a current scam tactic where fraudsters impersonate Binance representatives and contact individuals with false alarms, such as claims of compromised Binance accounts.