Binance Launches Altcoin-Focused Liquidity Program for Smaller Market Makers

Binance has launched a new program specifically targeting altcoins as it seeks to attract more market makers and increase liquidity in less-traded tokens. The Altcoin LiquidityBoost Program offers rebates of up to 1 basis point (0.01%) to eligible market makers who contribute to trading pairs with these assets. This program distinguishes itself by focusing on a broader range of altcoins compared to traditional programs that usually center around Bitcoin and Ethereum. The initiative aims to empower smaller liquidity providers, allowing them to specialize in altcoin markets without being restricted to supporting larger-cap tokens or fiat pairs.