Everyone still vividly remembers the previous incidents where market makers sold tokens and placed ghost buy orders, causing prices to plummet. The inaction of these market makers has left small investors with nothing to show for their investments.

Starting from July 14, Binance adjusted its market maker program, adding tier classifications and order execution volume requirements for the TRY market, and implemented a tiered rebate mechanism. Market makers need to maintain a certain ratio of real orders to enjoy negative fee rebates.

This adjustment by Binance is a meticulous optimization of the market environment, firstly to standardize the behavior of market makers, and secondly to provide better protection for retail investors in an indirect manner.