Binance Introduces Significant Enhancements to Fiat Market Maker Program

The leading global cryptocurrency exchange, Binance, has rolled out a series of crucial updates to its Fiat Market Maker Program. These changes focus on expanding the program's reach and implementing a more sophisticated framework for incentives and evaluation, aiming to consistently improve the trading experience for users on fiat trading pairs.

Kazakhstani Tenge (KZT) Market Integrated into the Program

Effective May 4, 2026, at 16:00 (UTC+8), trading markets involving the Kazakhstani Tenge (KZT) will be formally included in the Fiat Market Maker Program. This move represents a solid step by Binance in strengthening fiat gateway services for the Central Asian region, offering local users a more streamlined on-ramp for cryptocurrency trading.

New Tiered Structure and Fee Incentives

For the newly added KZT market, the platform has established clear tier criteria for market makers:

  • Tier 1: Requires market makers to achieve a maker volume share of 0.5% of total volume. Upon qualification, they will enjoy a maker fee rate of -0.005% (i.e., receiving a rebate).
  • Tier 2: Requires an increased maker volume share of 1.0%. Market makers meeting this threshold will receive a more favorable maker fee rate of -0.010%.

This negative fee structure is designed to tangibly reward market makers who provide consistent liquidity to the market.

Dynamic Review and Performance-Based Rebate System

Aligned with this update, Binance is introducing a more dynamic management framework for market makers:

  • Qualification Review Effective: The new eligibility review for fiat markets will take effect concurrently on May 4, 2026, at 16:00.
  • Weekly Activity Review: All market maker accounts will undergo regular weekly assessments based on the new activity review mechanism.
  • Performance Rebate Distribution: Starting May 12, 2026, at 08:00, rebates for maker fees will be directly linked to a market maker's trading performance in the designated spot fiat markets (including the new KZT market) during the previous week. This makes the reward distribution more immediate and transparent.

In summary, this program upgrade—through the inclusion of new markets, tiered incentives, and weekly performance reviews—is poised to significantly enhance liquidity and market depth for the involved fiat trading pairs, ultimately benefiting the broader trading community.