CryptoMaid加密女仆お嬢様 .stand|May 04, 2026 08:32
Why are Binance RWA fees always so high?
I've brought this up offline many times.
It's because perpetual contracts were invented by BitMEX, and when Binance adopted them, they changed a floating parameter into a constant (the base rate). This set the foundation for the entire contract era in the crypto space.
Now that the RWA era (gold, crude oil, U.S. stocks) has arrived, Binance is still rigidly applying the original parameter design. This leads to excessively high fees because RWA volatility isn't as high as in the crypto space. BitMEX's innovation this time is that when RWA volatility is low, they only charge minimal fees, and only charge higher fees when RWA volatility approaches crypto-level volatility.
This should be rolled out ASAP... but the exchange staff I'm in contact with are all from operations teams. Every time I bring this up, they just stare blankly at me.
Can someone pass this feedback to the product team?
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