😱🔥"Altcoin storm from Binance! A huge liquidity boost for 18 cryptocurrencies❗"
#Binance movement that will shake the altcoin market! A giant liquidity program for 18 coins is starting.
There are many changes happening in the cryptocurrency markets! The largest cryptocurrency exchange in the world, Binance, has officially announced a giant program that will excite altcoin investors. The first liquidity program designed exclusively for altcoin trading offers a completely new platform for small and medium market makers.
This innovative initiative, named the 'Altcoin Liquidity Boost Program', covers 18 different altcoins and starts on June 9. This move aims to increase liquidity in the altcoin markets and create a more balanced competitive environment.
The focus is entirely on altcoins!
Binance representatives state that traditional liquidity programs are largely focused on Bitcoin (BTC) and leading major cryptocurrencies; this situation creates a significant advantage for small-scale projects and market makers. With the new program, liquidity providers who focus exclusively on altcoins will now be able to compete with larger players.
Catherine Chen, head of the VIP and institutional clients department at Binance, stated in a statement:
«We launched this program considering the demand for altcoins, especially from small and medium market makers. Participants will be able to compete only on the side of altcoins, excluding Bitcoin and other major cryptocurrencies.»
Here are 18 altcoins for which Binance will provide liquidity support:
The USDT trading pairs that will be supported in the first phase of the program are as follows:
INIT, #EOS, #HYPER, PARTI, ICP, #KERNEL, $CFX, $W, KMNO, $IOTX
ONDO, TON, FIL, WCT, BABY, SXT, SYRUP, STO
These coins will receive more liquidity under the program, and significant increases in trading volumes are expected.
Who can participate in the program?
To be eligible to participate in the program, liquidity providers must have traded at least $20 million in volume on Binance Spot, Margin, or other platforms in the last 30 days.
Applications: starting from June 9
Initial returns and reward payouts: starting from June 17.