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Binance introduces Altcoin LiquidityBoost Program focused solely on altcoins.
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Rebates of up to 1 bps will be offered to smaller liquidity providers.
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The program supports 18 altcoins at launch, starting June 9.
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Binance aims to level the playing field for mid-sized market makers.
Targeting a Market Gap
Binance has unveiled its first altcoin-only liquidity initiative, called the Altcoin LiquidityBoost Program, aimed at supporting small and medium-sized liquidity providers. The new program provides rebates of up to 1 basis point (0.01%) for select altcoin trading pairs.
The exchange said this move was driven by demand from participants who felt underserved by programs that focus primarily on large-cap or fiat-based pairs.
How the Program Works
The program introduces two rebate tiers, offering 0.5 bps and 1 bps rebates depending on participants' maker volume, starting at thresholds of 0.5% and 1%. Applicants must have at least $20 million in 30-day trading volume across Binance platforms.
Launch day is June 9, with rebates starting on June 17.
Initial Token Support and Future Plans
The program begins with 18 altcoin pairs, including INIT/USDT, TON/USDT, EOS/USDT, FIL/USDT, and others. Binance plans to update the list based on demand and trading activity. The exchange highlighted that this is the most generous altcoin-specific rebate program among major platforms.
