Binance Launches New Altcoin Liquidity Program for Market Makers

Binance has launched a new program designed to boost liquidity in the altcoin market. The program, called the ‘Altcoin Liquidity Enhancement Program,’ focuses on smaller market makers and offers significant rebates for those who contribute to the volume of trades within these markets. This initiative will offer a chance for mid-level participants to gain a greater share of trading activity while also helping to reduce price volatility. 0.5% monthly trading volume unlocks a 0.005% rebate, while reaching a 1% share offers a 0.01% rebate. The program’s initial list of altcoin pairs, including INIT/USDT, TON/USDT, and EOS/USDT, will be activated on June 17th.