just now
Binance has announced the launch of its Altcoin LiquidityBoost Program, the first spot liquidity initiative by a major cryptocurrency exchange to focus exclusively on altcoins. The move is designed to address persistent liquidity gaps in the altcoin market and to attract small and medium-sized liquidity providers who want to specialize in altcoin market-making rather than being required to provide liquidity across all trading pairs, which are often dominated by bitcoin and other large-cap tokens.
The Altcoin LiquidityBoost Program offers rebates of up to 1 basis point (bps), or 0.01%, for liquidity providers who meet specified volume requirements on selected altcoin pairs. This is higher than the maximum rebates currently available through other major exchanges’ spot maker programs, which typically do not exceed 0.8 bps and require participants to provide liquidity across the full range of spot pairs.
The program introduces a two-tier structure: participants must meet a maker volume percentage of 0.5% to qualify for Tier 1, earning a 0.5 bps rebate, and 1% for Tier 2, earning a 1 bps rebate. Qualification for the program begins on 9 June 2025, with rebates commencing from 17 June 2025.
At launch, the Altcoin LiquidityBoost Program will support 18 altcoins, including INIT, EOS, HYPER, PARTI, ICP, KERNEL, CFX, W, KMNO, IOTX, ONDO, TON, FIL, WCT, BABY, SXT, SYRUP, and STO, with Binance stating it will regularly review and update the list in response to market demand.
Binance’s existing liquidity program include the Spot Maker program, which covers all spot and margin trading pairs with a maximum rebate of 0.8 bps, and the Fiat Maker program, which focuses on specified fiat markets and offers rebates up to 1 bps in selected fiat currencies. The new Altcoin LiquidityBoost Program is intended to complement these, providing more choice for liquidity providers.
Catherine Chen, Head of Binance VIP & Institutional, said:
“We are responding to demand from market participants, particularly small and medium-sized liquidity providers, who want the choice to focus on market-making for altcoins. Our new altcoin-focused liquidity programme helps liquidity providers of all levels compete in the marketplace without the pressure to market-make across bitcoin and other large cap crypto.”
She also added:
“Under our new Liquidity Program, a liquidity provider will enjoy rebates of 1 bps if they meet the volume requirements of selected altcoins. As the industry leader, Binance is taking the lead to give liquidity providers of all sizes as well as token projects more support to grow — users benefit the most when there is more diversity and healthier liquidity.”
Binance is one of the world’s largest cryptocurrency exchanges, with over 275 million users globally. The company says the new program is part of its effort to enhance market depth, trading efficiency, and diversity, ultimately benefiting users and token projects by reducing slippage and improving trade execution.
Interested liquidity providers are invited to contact Binance VIP with a record of their trading volume or reach out to their Binance VIP key account coverage team if applicable.
