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One of the world’s largest cryptocurrency exchanges, Binance, has announced a significant update to its Fund Manager Program to enhance user experience and provide professional services to institutional clients. The revamped structure, now known as the “Designated Accounts Program,” is set to be implemented on May 20, 2025. This program aims to streamline operations by consolidating trading volumes and BNB balances across multiple accounts, offering advantages at VIP levels and joint maker fee sharing for liquidity provider programs.
Structure of the Designated Accounts Program
The new program by Binance operates on two tiers. The first tier, dubbed Tier 1 (Comprehensive Designated Accounts), includes accounts with at least a 25% shared ownership belonging to the same ultimate beneficial owner (UBO). The second tier, Tier 2 (Super Designated Accounts), merges accounts either under the complete control of the same UBO or accounts managed by the same investment manager.
To participate, Binance requires documents such as company registrations, membership ledgers, investment management agreements, and authorization documents. These documents help verify the linkage of account groups, ensuring their eligibility for program benefits. Notably, Tier 2 users can benefit from volume advantages in liquidity provision programs.
Enhanced Benefits
A key highlight of the program is that Tier 2 accounts can access lower maker fees through consolidated volumes in liquidity provider transactions. All participants can also share VIP levels, optimizing their transaction costs.
Applications for the program can be submitted via Binance’s sales team or key account managers. Institutional clients can start benefiting immediately after demonstrating their eligibility by submitting the required documents. With this initiative, the cryptocurrency exchange aims to provide operational ease, particularly for fund managers and institutional investors.
