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Binance Launches First Spot Liquidity Program for Altcoins to Boost Liquidity and Market Diversity

  • Binance has launched the Altcoin LiquidityBoost Program to focus on altcoins for liquidity and market diversity.
  • The program aims to attract small and medium-sized liquidity providers interested in altcoin market-making.
  • Binance plans to offer competitive altcoin market-making rebates to enhance liquidity.
  • Liquidity programs ensure sufficient market liquidity and depth, rewarding providers with incentives.
  • Liquidity providers play a crucial role in maintaining market stability by posting buy and sell orders continuously.
  • The new program allows liquidity providers to focus on specific altcoins and earn rebates up to one basis point.
  • Existing Binance programs include the Spot Maker Program and the Fiat Maker Program for trading rebates.
  • The Altcoin LiquidityBoost Program has two tiers based on maker volume percentage.
  • Participants can apply for the Altcoin LiquidityBoost Program starting June 10, 2025.
  • Binance responds to market demand by providing support for altcoin liquidity to enhance market diversity and participant opportunities.

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