Recently, Binance's VIP service has sparked a lot of discussion, and we have seen the problems and actions taken to solve them before Binance. However, the editor believes that before discussing VIP, it may be necessary to answer a more fundamental question: What exactly is VIP? This word is so common that many people overlook its meaning. VIP， Very Important Person。 It is never just a simple "VIP", its definition contains an institution's overall judgment system for user value. In other words, the classification of VIP essentially reflects: What kind of users do a platform consider to be the most important; What kind of contribution is most worth serving; What kind of relationship is worth maintaining in the long run. Next, the editor will take a look at the minimum VIP thresholds for major cryptocurrency exchanges, the four major domestic banks, and overseas private banks 。 one ️⃣ Cryptocurrency exchange: There are many VIP access paths for Binance, and here we will select two common ones: Holder VIP1: Approximately USD 100K assets+5 BNB. Trader VIP: 30 day spot trading volume ≥ USD 1M, or contract trading volume ≥ USD 5M, holding ≥ 5 BNB. OKX's VIP1 can satisfy any condition: Holding assets of approximately USD 100K. 30 day spot trading volume ≥ USD 1M, contract trading volume ≥ USD 5M, or option trading volume ≥ USD 3M. Bybit VIP1 can also satisfy any condition: Holding assets of approximately USD 100K. 30 day spot trading volume ≥ USD 1M, derivative trading volume ≥ USD 10M, or option trading volume ≥ USD 5M. There is also the most down-to-earth Gate VIP1 (note: only transaction rates are discounted, VIP6 now has corresponding account managers): Holding USD 2K assets. On the 14th, the average holding is about 50 GT, which is currently estimated to be around USD 390. 30 day trading volume ≥ USD 60K It can be seen that exchange VIPs are not traditional "wealthy customers", but users who directly participate in platform operation and continuously contribute platform value. two ️⃣ China's four major state-owned banks: Agricultural Bank of China Private Bank: Approximately RMB 6 million, equivalent to USD 887K. Bank of China Private Bank: Approximately RMB 6 million, equivalent to USD 887K. China Construction Bank Private Bank: Approximately RMB 6 million, equivalent to USD 887K. ICBC Private Bank: Approximately RMB 8 million, equivalent to USD 1.18 million. Domestic banks focus on tangible asset accumulation. three ️⃣ Overseas Private Banking: Furthermore, in the Old Money circle, there is Private Wealth Management, also known as private banking, which can be described as a "mistaken entry into heaven". America PWM: Approximately USD 10M assets. Goldman Sachs PWM: Generally requires USD 10M+investable assets. J. P. Morgan Private Bank: requires USD 10M+investable assets. Morgan Stanley PWM: The client's net assets need to start at USD 20M. At this level, VIP services are no longer just about prioritizing queues, but also include tax, trust, inheritance, alternative assets, cross-border allocation, and family wealth management. summary It can be seen that in the VIP matter: Crypto exchanges focus on trading contributions, liquidity, transaction fees, and ecological token holdings; Domestic banks focus on the accumulation of financial assets; Overseas private banking focuses on long-term wealth management relationships. Returning to the matter of Binance VIP services, VIP members of cryptocurrency exchanges are themselves contributors to platform liquidity, trading depth, and fee income, or holders of exchange tokens. Therefore, providing more professional and thoughtful services to these users by exchanges is an indispensable part of market operation. For the exchange, it is true that those who have VIPs have the world.