Binance doubles altcoin liquidity program to lower trading slippage
Altcoin traders will see tighter spreads and reduced slippage. This result is the outcome of Binance expanding its Spot Altcoin Liquidity Boost Program, which doubles the number of supported trading pairs from 20 to 40. To drive this liquidity, Binance allows liquidity providers to earn rebates based on their 7-day maker volume percentage. Tier 1 providers require a minimum of 0.5% market volume to secure a -0.005% rebate rate. Tier 2 providers require 1% maker volume for a -0.010% rebate rate. The updated program adds pairs such as $AAVE/$USDT, $GMX/$USDT, $CELO/$USDT, $JTO/$USDT, $DYDX/$USDT, $LDO/$USDT, and $ALGO/$USDT, while removing pairs including $LQTY/$USDT, $INJ/$USDT, and $ICP/$USDT to concentrate liquidity on assets with higher demand.
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