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Binance Launches First Altcoin-Focused Liquidity Program for Spot Markets

  • 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.

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