Binance, the world's largest cryptocurrency exchange, has launched a new liquidity program targeting altcoins to increase market diversity.
Objectives of the New Program
Binance has introduced the 'Altcoin LiquidityBoost Program' aimed at supporting small and medium market makers in altcoin trading. The program is designed to attract liquid providers interested in focusing on altcoins by offering more competitive conditions compared to existing programs on other exchanges.
Supported Altcoins
The program, set to launch on June 17, will initially support 18 altcoins, including:
- Initia (INIT) - EOS - Particle Network (PARTI) - Hyperlane (HYPER) - Internet Computer (ICP) - Conflux (CFX) - Kernel DAO (KERNEL) - Wormhole (W) - Kamino Finance (KMNO) - IoTeX (IOTX) - Toncoin (TON) - ONDO - Filecoin (FIL) - WallConnect Token (WCT) - Babylon (BABY) - Space and Time (SXT) - Maple Finance (SYRUP) - StakeStone (STO)
Participation Criteria
Binance stated that eligibility for the 'Altcoin LiquidityBoost Program' requires users to have a 30-day trading volume exceeding 20,000,000 USDT on Binance Spot and Margin, as well as utilizing effective liquidity provision strategies.
With the launch of this new program, Binance aims to respond to the demand from market participants, especially small and medium liquidity providers, enabling them to concentrate on altcoins and expand their market opportunities.
