Binance, one of the largest cryptocurrency exchanges, has announced an upcoming update to its fiat trading market maker program. The changes aim to improve liquidity and expand opportunities for market participants.
Changes in the Market Maker Program
Binance will update its Fiat Trading Market Maker Program on March 24, 2025. As part of this update, a new EUR market tier will be introduced, which is expected to enhance liquidity offerings on the platform.
New Levels for EUR
According to the announcement, the EUR sector will be divided into two tiers, each having distinct trading volume requirements and maker fees. This update represents an effort to incentivize liquidity providers and ensure smoother trade execution.
Impact of Updates on the Market
The enhanced market maker program is anticipated to improve trading volumes and liquidity for EUR trading pairs. This may attract a wider range of participants to the platform, potentially influencing liquidity depth and the overall trading ecosystem on Binance.
The updates planned for March 24, 2025, aim to attract more participants and enhance the liquidity status on Binance. These changes could strengthen the exchange's position against the backdrop of growing global market operation standards.
