Binance has launched its first altcoin-focused liquidity program to address the liquidity gap for alternative coins market-making.
The Altcoin LiquidityBoost Program will initially support 18 altcoins and provide incentives to liquidity providers through competitive fee structures and rebates.
To qualify for the program, participants must submit quality liquidity-providing strategies and meet volume requirements for the altcoins.
The announcement of the new liquidity program has led to bullish performance for altcoins like XRP and Binance Coin (BNB) amid a market downtrend.