Binance Exchange has just announced the Altcoin LiquidityBoost Program, scheduled to launch on June 17, according to news from The Block. The goal of the program is to support medium and small market makers by providing a cashback of up to 1 basis point (bps) when trading selected altcoins.
In the initial phase, the program will apply to 18 altcoin pairs, including:
INIT, EOS, $HYPER, PARTI, ICP, KERNEL, CFX, W,
KMNO, IOTX, ONDO, $TON, FIL, BABY,
SXT, SYRUP, STO, and $WCT .
This program is Binance's effort to enhance liquidity and reduce trading costs, thereby promoting the development of smaller tokens on the exchange. It may also be an opportunity for altcoin investors to take advantage of liquidity fluctuations and the new incentive policies.
#Binance Exchange #Altcoin LiquidityBoost