WhiteBIT, the largest cryptocurrency exchange in Europe by traffic, has unveiled a new version of its VIP Program. This redesign simplifies the process of achieving and maintaining VIP status by allowing members to qualify based on one of several criteria instead of the previous dual-requirement system.

Significance of the Redesign

This update aims to accommodate the actual capital management habits of professional users. Members can qualify for VIP status through any one of the following methods:

  • Average Balance the monthly average of assets held without any trading requirement
  • Spot Volume trading activity including spot, margin, Convert, sub-accounts, and trading bots
  • Futures Volume engagement in derivatives trading
  • Crypto Lending assets maintained in active lending plans for periods of 30 days or longer

This shift toward a more flexible qualification system allows members to retain their VIP status based on what suits their trading style, whether it be active trading, long-term holding, or lending activities.

Operational Features of the New Program

The revamped VIP Program operates on several core principles:

  • Automatic assignment of the highest qualifying VIP level without an application process, with upgrades implemented within 24 hours
  • Downward adjustments only occur if all metrics drop below set thresholds beyond grace periods
  • Existing VIP levels from other exchanges can be transferred based on trading volume

An example of the new structure in practice is showcased with a member whose trading slows temporarily. Previously, they would risk losing status due to diminished trading activity, but now possessing assets in a Crypto Lending plan alone suffices to maintain their level.

Looking Ahead

The redesign of the VIP program reflects WhiteBIT's dedication to aligning member experience with actual usage patterns. The new policies aim to create a more stable VIP status environment where users can progress based on their capital deployment decisions. Ongoing support enhancements have been implemented, providing dedicated personal managers for VIP members accessible via various communication platforms.

This material is for informational purposes only and is not financial advice.