Binance adds a new EUR market tier to its fiat liquidity provider program

Binance has updated its Fiat trading market program by adding a new EUR market level with a minimum percentage of volume of 1%.

According to a recent noticeThe crypto exchange platform introduced a second level in its EUR markets in Binance Fiat liquidity supplier program. The EUR market will have two trading levels instead of one from March 24, 2025 at 12:00 am UTC.

The first level will oblige Binance users to respond to a percentage of weekly volume of 0.5%. Meanwhile, the second level will force users to meet a volume of creator of 1%.

The volume percentage of designers is the percentage of the weekly trading volume of a creator command user on a specific Fiat market compared to the total trading volume of manufacturers on this market on the platform. This metric determines eligibility for various levels of the program, each offering discounts of different costs.

On the basis of the opinion, liquidity Service providers will be examined each week in accordance with the new program mechanism.

In addition to the new level, the platform will also update its creator costs reimbursement rate for EUR markets. EUR level 1 users will receive a setting of creative fees of -0.005%, while User 2 users will be subject to a creation costs of -0.010%.

Similar to liquidity suppliers, manufacturer’s expenses will be updated each week, from April 1, 2025 at 00:00 UTC. The manufacturer’s expenses will be distributed to liquidity suppliers according to the cash trading performance during the previous week on the selected Fiat markets.

With the new update, the EUR markets become the sixth fiduciary currency to receive a second level of trading. The other Fiat markets with two levels include BRL, ARS, MXN, COP and JPY.

Earlier in the day, Australian authorities have warned Cryptographic merchants of an in progress fraud where the crooks would imitate the representatives of the Binance and contact the victims with false warnings, such as the affirmations that their Binance accounts were raped.