Binance is eliminating its long-standing system of providing trading fee discounts based on the amount of BNB a user holds. Previously, high-volume traders who held large amounts of BNB could get significant discounts—up to 40% on spot trades and 20% on futures. As of September 9, 2025, this program will be phased out.
Under the new model, discounts will now be tied to a user’s referral activity and trading performance. Traders will receive benefits based on how many new users they bring to the platform, the trading volume of their referrals, and their own account’s performance.
This change is expected to have the biggest impact on large BNB holders, who will lose the primary benefit of holding the token for fee reduction. For smaller traders, the change may be less significant, but they will still need to participate in the new referral program to get the best rates.
According to analysts, this shift shows that Binance is moving its focus from rewarding passive ownership to encouraging user growth and platform engagement. The role of BNB is also changing; it will no longer be the central factor in a trader’s fee economics. To maintain low fees, users will now need to build referral networks and increase their trading activity.
September 2025, Cryptoniteuae
