Binance Drops VIP 3 Asset Bar to $1M as 4x OTC Trading Credit Broadens Tier Access
Binance announced further updates to its VIP Program on Tuesday, effective July 21, 2026. The exchange will reduce the wallet asset requirement for VIP 3 status from $3 million to $1 million, aiming to streamline access to mid-tier institutional benefits. Qualified users will gain preferential fee structures, elevated account limits, advanced market intelligence, and exclusive event invitations.
Additionally, Binance is revising how over-the-counter (OTC) spot trading volume is counted toward VIP qualification. OTC spot trading volume will now be applied at a 4x multiplier when calculating spot trading volume. For example, $1 million in OTC spot trading will count as $4 million toward the threshold. Previously, OTC-related qualification was capped at VIP 4, but under the new rules, eligible users can progress through the full VIP framework up to VIP 9, provided they meet BNB balance and other requirements.
Binance confirmed that VIP trading fees remain unchanged. Users who meet the updated criteria will be automatically upgraded daily, with their tier reflecting the highest qualification path achieved. Catherine Chen, Head of VIP and Institutional at Binance, stated, ‘We continue to refine the Binance VIP Program to better reflect how our users engage across the platform. By lowering the VIP 3 asset holding threshold and recognizing OTC Spot Trading Volume within Spot Volume qualification, we are creating a more flexible and accessible path for users to progress through VIP tiers while maintaining clear, measurable criteria.’