Binance will update the fiat trading market maker program

ChainCatcher news, according to the official announcement, Binance will update its fiat trading market maker program on July 14, 2025, at 08:00 (UTC+8). The main updates include:

1. Starting from July 14, 2025, at 08:00 (UTC+8), a new TRY market tier will be added to the fiat market maker program. The review level for this market will be adjusted from one tier to two tiers;

2. The percentage requirement for the trading volume of Level 1 orders (Maker) is 0.5%; the percentage requirement for the trading volume of Level 2 orders (Maker) is 1.0%;

3. After qualification, the fee rate for Level 1 orders (Maker) is -0.005%; the fee rate for Level 2 orders (Maker) is -0.010%;

4. The new fiat market qualification review will take effect on July 14, 2025, at 08:00 (UTC+8). Market maker accounts will be reviewed weekly based on the new activity review mechanism;

5. Starting from July 22, 2025, at 08:00 (UTC+8), the rebate for maker fees will be distributed based on the trading performance of market makers in the designated spot fiat market from the previous week.