The world's largest cryptocurrency exchange Binance has announced the first liquidity program targeting small and medium-sized market makers and exclusive to altcoins. The new initiative called "Altcoin Liquidity Boost Program" aims to increase diversity in the market.
In a statement made by Binance, it was noted that traditional liquidity programs generally focus on Bitcoin and other major cryptocurrencies, putting small and medium-sized players at a disadvantage. The new program, however, allows these players to compete by focusing only on specific altcoins.
Catherine Chen, Head of Binance VIP and Institutional Division, stated, "We launched this program especially considering the altcoin-focused demands from small and medium-sized market makers. Participants will be able to compete solely on the altcoin side without having to include Bitcoin and large-cap cryptocurrencies."
The trading pairs that will be supported at the beginning of the program are as follows:
Liquidity providers who want to participate in the program must have achieved at least $20 million in trading volume on Binance Spot, Margin, or other platforms in the last 30 days. Applications for the program will begin on June 9 and refunds will begin on June 17.
Published: June 5, 2025 12:56 Last Updated: June 5, 2025 12:57
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Binance is launching a "Liquidity Enhancement Program" for 18 altcoins.
The world's largest cryptocurrency exchange Binance has announced the first liquidity program targeting small and medium-sized market makers and exclusive to altcoins. The new initiative called "Altcoin Liquidity Boost Program" aims to increase diversity in the market.
In a statement made by Binance, it was noted that traditional liquidity programs generally focus on Bitcoin and other major cryptocurrencies, putting small and medium-sized players at a disadvantage. The new program, however, allows these players to compete by focusing only on specific altcoins.
Catherine Chen, Head of Binance VIP and Institutional Division, stated, "We launched this program especially considering the altcoin-focused demands from small and medium-sized market makers. Participants will be able to compete solely on the altcoin side without having to include Bitcoin and large-cap cryptocurrencies."
The trading pairs that will be supported at the beginning of the program are as follows:
INIT/USDT, EOS/USDT, HYPER/USDT, PARTY/USDT, ICP/USDT, KERNEL/USDT, CFX/USDT, W/USDT, KMNO/USDT, IOTX/USDT, ONDO/USDT, TON/USDT, FIL/USDT, WCT/USDT, BABY/USDT, SXT/USDT, SYRUP/USDT, STO/USDT.
Liquidity providers who want to participate in the program must have achieved at least $20 million in trading volume on Binance Spot, Margin, or other platforms in the last 30 days. Applications for the program will begin on June 9 and refunds will begin on June 17.
Published: June 5, 2025 12:56 Last Updated: June 5, 2025 12:57