Binance Expands Altcoin LiquidityBoost Program to 40 Trading Pairs

Binance has made significant moves in its efforts to enhance the trading experience for users, with the latest development being the expansion of its Spot Altcoin LiquidityBoost Program.

The program, which was previously limited to 20 eligible trading pairs, has been expanded to include an additional 36 trading pairs, making it a total of 40. This increase aims to provide more opportunities for professional market makers to contribute to liquidity across various altcoin markets.

The Spot Altcoin LiquidityBoost Program offers rebates to market makers who provide liquidity through maker orders. The program operates on a two-tier structure, with rebate rates of -0.005% and -0.010% offered based on the weekly maker volume. To qualify for these rebates, participants must meet specific criteria, including maintaining a minimum trading volume.

The expansion of the program comes at a time when Binance is focusing on improving its trading infrastructure, with recent developments such as the launch of Binance AI Pro in public beta. The addition of more pairs to the program will likely lead to tighter spreads and improved price discovery across the newly added markets.