Binance, the world’s leading cryptocurrency exchange, has released a series of significant updates affecting traders, investors, and institutions. The announcements include a hard fork and upgrade for the Viction ($VIC) network, a new zero-fee trading promotion, and the launch of an Institutional Switch Package for high-volume traders.
Viction ($VIC) Hard Fork and Upgrade
Binance confirmed that the Viction ($VIC) network will undergo a major hard fork and upgrade at block height 97,705,094, scheduled to begin at 1:00 UTC on August 21, 2025.
During this period, Binance will temporarily suspend VIC deposits and withdrawals, although trading will remain live. This measure ensures a smooth transition and network stability while developers handle the technical changes.
Such hard forks typically bring network optimizations, scalability improvements, or new features, and users are advised to prepare ahead of time.
Institutional Switch Package for High-Volume Traders
In another announcement, Binance introduced its Institutional Switch Package, designed specifically for VIP and institutional traders who demand advanced tools and seamless liquidity access.
Key benefits include:
- VIP-level support for faster issue resolution
- Advanced trading tools and insights
- Priority execution and liquidity access
This move underscores Binance’s ongoing effort to attract institutional money into crypto markets, bridging traditional finance strategies with digital asset opportunities.
Zero-Fee Trading on LINK/USDC Pair
To further boost liquidity and attract traders, Binance has added the LINK/USDC trading pair to its ongoing zero-fee trading program.
- 0% maker and taker fees will apply from August 21, 2025, to October 11, 2025 (UTC).
- The promotion is available to VIP 2–9 users and Spot Liquidity Providers.
With Chainlink ($LINK) being a key infrastructure project in decentralized finance (DeFi), this fee waiver is expected to increase trading activity and liquidity around the pair.
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Why These Updates Matter
These announcements highlight Binance’s multi-pronged strategy:
- Supporting blockchain upgrades (like VIC’s hard fork) to ensure seamless ecosystem growth.
- Catering to institutional investors with dedicated packages that mirror traditional finance offerings.
- Attracting traders with zero-fee incentives, particularly on high-utility tokens like Chainlink.
For retail and institutional participants, these changes represent both opportunity and preparation needs. Traders holding VIC should plan around the upgrade suspension, while active LINK traders can take advantage of fee-free trading over the next two months.
Final Thoughts
Binance continues to reinforce its position as a leader in global crypto markets by combining technical upgrades, institutional support, and liquidity incentives. As blockchain adoption accelerates, these steps position Binance as a central hub for both retail and professional traders.
