Peter Zhang
Aug 05, 2024 11:52
Binance publicizes a limited-time zero maker price promotion for VIP 6-8 customers on USDⓢ-margined futures, efficient from August 7 to October 16, 2024.
Binance, a number one cryptocurrency alternate, has introduced a limited-time promotion providing zero maker charges for its VIP 6 to VIP 8 customers on all USDⓢ-margined perpetual and supply contracts. The promotion interval will run from August 7, 2024, 10:30 UTC to October 16, 2024, 10:30 UTC, in line with the official Binance announcement.
Promotion Particulars
This zero maker price initiative is aimed toward incentivizing high-volume merchants amongst Binance’s top-tier VIP members. Eligible customers can commerce with out incurring maker charges on USDⓢ-margined perpetual and supply contracts through the specified promotion interval. Nevertheless, customary buying and selling charges will apply as soon as the promotion ends.
Phrases and Circumstances
Binance cautions that it reserves the correct to disqualify customers from the promotion if they’re discovered to be engaged in dishonest actions resembling wash buying and selling, bulk account registrations, self-dealing, or market manipulation. Moreover, any interference with Binance’s program code or using unauthorized software program will lead to disqualification.
The corporate additionally notes that there could also be discrepancies within the translated variations of the announcement. Customers are suggested to check with the unique English model for essentially the most correct info.
Background and Context
Binance has been actively enhancing its buying and selling platform to draw and retain high-volume merchants. This newest promotion follows a sequence of initiatives aimed toward bettering liquidity and lowering buying and selling prices for its customers. The transfer is predicted to additional solidify Binance’s place as a number one participant within the cryptocurrency buying and selling house.
In associated information, Binance has been increasing its vary of monetary services and products, together with the introduction of recent futures contracts and leveraged tokens. These efforts are a part of a broader technique to supply a complete buying and selling ecosystem for each retail and institutional buyers.
Disclaimer and Threat Warning
Binance emphasizes that digital asset costs could be extremely unstable, and futures buying and selling carries important market threat and worth volatility. Customers could also be required to make extra margin deposits or curiosity funds at brief discover. Failure to fulfill these necessities might outcome within the liquidation of collateral with out consent. Binance advises customers to make unbiased assessments and seek the advice of advisors the place applicable earlier than partaking in buying and selling actions.
For extra info on accountable buying and selling practices, customers can go to Binance’s Accountable Buying and selling web page, and check with the Phrases of Use and Threat Warning.
Picture supply: Shutterstock
