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Binance Tightens Rules on Link Program Amid Fee Arbitrage Concerns

Jun 30, 2024

Binance Tightens Rules on Link Program Amid Fee Arbitrage Concerns
Binance Tightens Rules on Link Program Amid Fee Arbitrage Concerns
Binance Tightens Rules on Link Program Amid Fee Arbitrage Concerns

Binance is addressing a loophole in its Link Program that allowed prime brokerages to exploit its multi-tiered fee structure for arbitrage purposes. The exchange is tightening rules after some partners reportedly took advantage of discounts on trading fees by grouping accounts together or trading on behalf of clients, which led to additional revenues. This move is part of Binance's broader effort to curb misuse and ensure compliance across its platform amidst ongoing regulatory challenges in various jurisdictions, including fines and operational restrictions.