- In addition, the exchange intends to recruit additional diversified liquidity suppliers to supplement the current liquidity program of the exchange.
- The purpose of liquidity programs is to ensure that the Cryptocurrency market has sufficient liquidity and depth, as well as providing liquidity suppliers with incentives.
The Global Blockchain Ecosystem BinanceWho trusts more than 270 million people all over the world has just launched a new Spot -Liking program called “Altcoin Liquidity Boost program.” This program will concentrate on altcoins to meet the demand from small and medium -sized liquidity suppliers who want to concentrate on altcoin market creation. Binance intends to provide the most lucrative Altcoin market-induced discounts in the industry with the new liquidity program. In addition, the exchange intends to recruit additional diversified liquidity suppliers to supplement the replacement’s current liquidity program, which will further improve the outsider’s outstanding liquidity and competitive dissemination.
The purpose of liquidity programs is to ensure that the Cryptocurrency market has sufficient liquidity and depth, as well as providing liquidity suppliers with incentives in the form of competitive fee structures and discounts. The posting of buying and sales orders is continuously one of the most important roles that liquidity providers play to ensure the market’s continuous liquidity and stability. Consequently, this helps guarantee that users can perform their transactions faster, more often and with less sliding.
Currently, the current liquidity programs on large exchanges require either liquidity suppliers to market all matches on the exchange, with the volume weight skewed against Bitcoin and other high CAP-tokens, or they are focused on trading pairs between crypto courses and fiat currencies. This indicates that smaller and medium -sized liquidity suppliers cannot compete with major participants in the market.
The new liquidity program that Binance has introduced is the first of its kind given by a large Cryptocurrency exchange. It is designed to meet altcoins, and if a liquidity supplier meets the volume criteria for some altcoins, they are eligible to receive discounts on up to a basis. To put this into perspective, the discounts currently offered by spot programs on large exchanges do not 0.8 base points (BPS), and they require the participants to provide liquidity for the entire spectrum of spot trade. Participants who have strategies that provide excellent liquidity and whose 30-day trade volume at Binance Spot and Margin or other platforms exceed 20,000 000 USDT-motoristry is encouraged to submit an application.
Altcoin liquidity programs will supplement Spot liquidity program As already on the main Cryptocurrency exchange to give participants additional options:
- The Binance Spot Maker program includes both trade and marginal trade. Participants who participate in the program are responsible for paying no manufacturer fee and have the opportunity to earn discounts by qualifying for higher levels of performance depending on their volume. Currently, the Spot Market Program investors gives a maximum repayment of 0.8 points.
- The Binance Fiat Maker program is designed to cover some Fiat markets listed on binance.com. Participants participating in the program will be eligible to serve creators of manufacturers in a certain Fiat currency. A maximum discount on a base point is now available through the Fiat Maker program.
- To qualify for the level of the program 1 and 2, respectively, liquidity suppliers are required to meet a manufacturer volume percentage of 0.5% and 1%. In addition, they will enjoy a discount speed for manufacturers of 0.5 BPS for level 1 and 1 BPS for level 2. The New Binance Altcoin liquidity housing program is focused on specific altcoins and has two levels.
From June 10, 2025, participants will be eligible to participate in this new liquidity program, and from June 18, 2025, it will be possible to receive a refund on manufacturer fees.
“We respond to demand from market players, especially small and medium-sized liquidity suppliers, who want the election to focus on market-creating for altcoins. Our new Altcoin-focused liquidity program helps liquidity providers at all levels competing on the market without pressure to market over bitcoin and other large cap-crowns.
She added:
“According to our new liquidity program, a liquidity supplier will enjoy discounts on 1 BPS if they meet the volume requirements for selected altcoins. As the industry leader takes the binance management to provide liquidity suppliers as well as token projects more support to grow – users mostly benefit.
In the event that they are interested, liquidity suppliers may contact Binance VIP on mmprogram@binance.com with a register of its trade volume. Alternatively, they can get in touch with their Binance VIP Key Account coverage team, if applicable. Learn more about the location Liquidity Program offered by Binance by clicking here.
