Ah, dear friends! Gather ’round, for I bring tidings from the grand stage of Binance, where the drama of fiat trading unfolds! 🎭 It appears our beloved crypto exchange has decided to sprinkle a dash of excitement upon its fiat trading market maker program by introducing a new EUR market tier, with a minimum maker volume percentage of a mere 1%! How thrilling! Or should I say, how utterly riveting! 😏
In a recent proclamation, the crypto exchange has unveiled a second tier to its EUR markets, thus transforming the landscape of Binance’s Fiat Liquidity Provider Program. Starting from the illustrious hour of midnight on March 24, 2025, the EUR market shall boast not one, but two trading tiers! Oh, the extravagance! 🎉
Now, let us dissect this delightful arrangement: the first tier demands that our noble Binance users achieve a weekly maker volume percentage of 0.5%. A modest request, indeed! Meanwhile, the second tier, for those who dare to dream bigger, requires a maker volume of 1%. Such ambition! 🌟
But what, pray tell, is this maker volume percentage? It is but the percentage of a user’s weekly trading volume of maker orders in a specific fiat market, compared to the grand total of maker trading volume across the platform. A veritable mathematical conundrum that determines one’s eligibility for various tiers, each offering its own tantalizing fee rebates! 🧮
According to the latest missive, liquidity providers shall be scrutinized weekly, as if they were actors auditioning for a role in a grand play, all in accordance with this new program mechanism. How delightful! 🎭
Moreover, in a twist worthy of the finest comedies, the platform shall also adjust its maker fee rebate rate for EUR markets. Tier 1 users shall bask in the glory of a maker fee rebate of -0.005%, while those in Tier 2 shall face the daunting challenge of a rebate of -0.010%. Oh, the suspense! 😱
Just like our dear liquidity providers, these maker fee rebates shall be updated weekly, commencing on April 1, 2025, at the stroke of midnight. Rebates shall be distributed based on the spot trading performance of the previous week across the selected fiat markets. A true test of one’s trading prowess! 🏆
With this splendid update, the EUR markets join the ranks of the sixth fiat currency to receive a second trading tier. The other illustrious currencies with two tiers include BRL, ARS, MXN, COP, and JPY. A veritable pantheon of trading opportunities! 🌍
Alas, let us not forget the cautionary tale from the land down under! Earlier today, the Australian authorities have issued a warning to crypto traders about a nefarious fraud tactic. Scammers, those dastardly rogues, are impersonating Binance representatives, contacting unsuspecting victims with false alarms, claiming their accounts have been breached! Oh, the audacity! 😱
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2025-03-20 12:24