Binance Lowers VIP 3 Asset Threshold to $1 Million, OTC Spot Trading Volume Counted at 4x

Odaily Planet Daily News: Binance has announced adjustments to its VIP Program. Starting from July 21, 2026, at 04:00 EST, the asset requirement for VIP 3 wallets will be reduced from $3 million to $1 million. Eligible users will enjoy benefits such as discounted fees, increased account limits, market insights, and event invitations. Binance has also revised the method for counting OTC spot trading volume toward VIP qualification. Under the new rules, OTC spot trading volume will be counted at 4 times the actual amount toward the overall spot trading volume. Binance stated that $1 million in OTC spot trading volume will be counted as $4 million toward the corresponding threshold. Previously, OTC-related qualifications were only applicable up to VIP 4. Binance noted that with the inclusion of broader spot trading volume metrics, users meeting BNB balance and other requirements can advance to VIP 9 through the complete VIP framework. VIP trading fee rates will remain unchanged, and the system will automatically process level upgrades daily.