Binance's Altcoin Liquidity Program Launch
Binance, a leading crypto exchange, has unveiled its "Altcoin LiquidityBoost Program," the first altcoin-exclusive spot liquidity initiative catering to small and medium-sized market makers. This program provides industry-leading rebates to incentivize altcoin market-making, enhancing market depth and stability. Unlike existing programs favoring larger players, this initiative allows focus on selected altcoins, offering rebates up to 1 basis point for specific pairs. The program, starting June 9, supports 18 altcoins, with initial trading pairs such as INIT/USDT, EOS/USDT, and more. Liquidity providers with strategic trading volumes over $20 million on Binance platforms are eligible to apply.
FAQ
❓ What is Binance's new liquidity program?
It is an altcoin-only spot liquidity program designed to attract small and medium-sized market makers with competitive rebates.
❓ Who can apply for the Altcoin LiquidityBoost Program?
Liquidity providers with over $20 million in 30-day trading volumes on Binance platforms can apply.
❓ When does the program start?
Qualification begins on June 9, with rebates available from June 17.