Binance Lowers VIP Entry Threshold to Expand Institutional Trading Access

Binance has updated its VIP Program by lowering the wallet asset requirement for VIP 3 status from $3 million to $1 million. Making premium trading benefits accessible to a broader range of institutional and high-volume traders.

The exchange also introduced a new rule that counts over-the-counter (OTC) spot trading volume at a 4x multiplier toward VIP qualification. Allowing eligible users to progress through all VIP tiers up to VIP 9 under the existing fee structure. Effective July 21, the changes are designed to recognize diverse trading activity while providing easier access to lower fees. Higher account limits, advanced market insights, and exclusive services. Binance said qualifying users will be upgraded automatically each day. Reinforcing its strategy to attract institutional participation and strengthen liquidity across its trading ecosystem.

Clever Robot News Desk 22^th July 2026