Binance raises fees for broker users, report👽
Binance will be changing its fee structures on July 1, effectively raising fees for users who trade on the platform via prime brokers, reports Bloomberg.

Previously, brokers who were a part of Binance’s Link Plus program were able to lower trading fees for users thanks to the total volume the broker was doing. It effectively allowed users to benefit from a more generous fee tier than their trading would normally justify. 

Previously, the structure of this setup meant certain traders could receive lower fees by trading through these brokers instead of Binance directly, benefitting from the broker’s ability to aggregate its many sub-accounts.

This change would significantly reduce the incentive for traders to use these brokers, potentially driving them toward Binance itself.