Binance announced on its website that it upgraded its USDⓈ-M Futures Liquidity Provider Program on November 3, 2025. The update includes revised qualification thresholds, new maker-fee rebates, and lower entry requirements to enhance market depth and liquidity.
According to Binance’s official announcement, the upgrade is part of a regular program review designed to “provide users with the most value and competitive services.” This reflects the platform’s focus on enhancing institutional participation and liquidity provision. The announcement specifies a program duration from November 3, 2025, to January 25, 2026. Maker fee rebates will be updated weekly starting approximately November 11, 2025, and running until February 2, 2026. Binance states that the program’s main goal is to provide liquidity and depth to the USDⓈ-M Futures market and that requirements will be adjusted periodically as market conditions evolve.
The announcement further details new qualification criteria which set a minimum “Weekly USDⓈ-M Futures Maker Volume %” of 0.10% for Bitcoin (BTC) and Ethereum (ETH) pairs. A lowered threshold of 0.05% applies for other pairs excluding BTC and ETH. This effectively lowers the barrier for liquidity providers to enter the program. The fee structure shows that Tier 1 participants meeting these thresholds will receive maker rebates of –0.001% on USDT-M and USDC-M pairs. Higher tiers offer progressively deeper rebates up to –0.005%. These changes reflect Binance’s initiative to expand the pool of eligible market makers and reward high-volume contributors across a broader range of futures products.
Binance clarified eligibility and oversight for its upgraded USDⓈ-M Futures Liquidity Provider Program. Applicants must meet at least one 30-day threshold: futures trading volume ≥ USD 100 million equivalent or spot trading volume ≥ USD 20 million equivalent. Approved participants receive a four-week grace period with Tier 2 maker-fee rebates without initial weekly performance checks. Afterward, performance is reviewed weekly from Monday at midnight UTC through Sunday at midnight UTC. Self-trades are excluded from this review process. Participants failing to qualify for three consecutive weeks will be removed from the program. All volume and metrics are determined at Binance’s sole discretion, with amendments or termination possible in response to regulatory or market conditions.
According to Binance’s official About page, Binance is a global blockchain ecosystem and cryptocurrency exchange founded in 2017 by Changpeng “CZ” Zhao. The company offers various services including spot, margin, derivatives trading, staking, savings, and institutional liquidity programs aimed at enhancing market quality. Binance’s mission aims to build infrastructure that increases global monetary freedom through secure and innovative blockchain technology.
