Binance has launched a significant update to its Fund Manager program, aiming to enhance user experience and provide professional services to institutional clients. The new program, dubbed the “Designated Accounts Program”, will be implemented on May 20, 2025. This revamp seeks to streamline operations by consolidating trading volumes and BNB balances across multiple accounts, offering benefits at VIP levels and joint maker fee sharing for liquidity provider programs.
**Program Structure**
A two-tier system underpins the new program:
* **Tier 1 (Comprehensive Designated Accounts):** This tier requires account ownership of at least 25% shared by the same ultimate beneficial owner (UBO).
* **Tier 2 (Super Designated Accounts):** This tier merges accounts either under complete control of a single UBO or those managed by the same investment manager.
To participate, Binance needs documents like company registrations, membership ledgers, investment management agreements, and authorization documents. These aid in verifying the linkage of account groups to confirm eligibility for program benefits. Notably, Tier 2 users benefit from volume advantages in liquidity provision programs.
**Enhanced Benefits**
The Designated Accounts Program offers several key benefits:
* **Lower Maker Fees:** Tier 2 accounts can access reduced maker fees through consolidated volumes in liquidity provider transactions.
* **Shared VIP Levels:** All participants can take advantage of shared VIP levels, optimizing transaction costs.
Applications for the program are available through Binance’s sales team or key account managers. Institutional clients can begin taking advantage of the program immediately upon submitting the required documentation. This initiative seeks to simplify operations, particularly for fund managers and institutional investors.