Binance Enhances Fiat Market Maker Program With New TRY Tier And Performance-Based Rebates

Binance, a prominent global cryptocurrency exchange, has announced a series of updates to its Fiat Market Maker Program, set to take effect on July 14, 2025, at 08:00 (GMT+8). The updates are designed to enhance the program's efficiency and effectiveness, aiming to attract more liquidity providers and improve the overall trading experience for users.

The key updates include the addition of a new TRY market tier, which will be divided into two audit tiers. The percentage requirements for Maker order volume will be 0.5% for Tier 1 and 1.0% for Tier 2. Qualified market makers in Tier 1 will receive a Maker order fee rate of -0.005%, while those in Tier 2 will receive -0.010%. These changes are expected to incentivize more market makers to participate, thereby increasing liquidity on the platform.

Additionally, the new Fiat Market eligibility review will be implemented on July 14, 2025, at 08:00 (GMT+8). Market maker accounts will be reviewed weekly based on a new activity review mechanism. This ensures that only active and qualified market makers continue to benefit from the program, maintaining high standards of liquidity provision.

Starting from July 22, 2025, at 08:00 (GMT+8), Maker order fee rebates will be distributed based on the previous week's market maker performance in designated spot fiat markets. This performance-based rebate system is intended to encourage market makers to actively participate and contribute to the liquidity of the platform.

These updates are part of Binance's broader strategy to improve its services and provide a better trading experience for its users. By enhancing liquidity and reducing slippage, Binance aims to maintain stable and efficient trading operations, particularly for fiat-to-crypto transactions. This move is expected to attract more liquidity providers, further strengthening the platform's position in the global cryptocurrency market.

In addition to the updates to the Fiat Market Maker Program, Binance has introduced a new feature called Fast Finality, which is now fully live on the Binance platform via the BNB Chain. This feature allows users to see their transactions confirmed more quickly, enhancing the speed and reliability of the platform. Fast Finality addresses one of the key challenges in blockchain technology—the time it takes for transactions to be confirmed, thereby improving the overall user experience.

The implementation of these updates and new features underscores Binance's commitment to innovation and continuous improvement. The exchange has consistently been at the forefront of technological advancements in the cryptocurrency space, and these latest developments are a testament to its dedication to providing top-tier services to its users. By enhancing liquidity and transaction speed, Binance is positioning itself as a leader in the global cryptocurrency market, offering a robust and reliable platform for traders and investors alike.