Binance had introduced a new Tiered Trading Fee Discount Program on 21 July 2019. It has adjusted the tiered trading fee discount program at 8:00 (UTC) on Aug 28. This will provide a better service for the user’s claims Binance.
As per the announcement, the required BTC trading volume threshold for VIP1 is set to ≥50 BTC (from ≥100 BTC previously). VIP0 will enjoy Maker/Taker charges as low as 0.06% instead of 0.10%. For more details, refer Binance official announcement. Also, Binance may change the discount rates based on market conditions.