At Extreme Investor Network, we strive to keep our readers informed about the latest developments in the cryptocurrency world. Today, we are excited to share with you the recent updates to Binance’s Fiat Liquidity Provider Program.
Binance, known as one of the leading cryptocurrency exchanges, has announced enhancements to its Fiat Liquidity Provider Program. The program will now include MXN (Mexican Peso) and CZK (Czech Koruna) markets, expanding the options available for liquidity providers. This change will come into effect on April 10, 2024.
In addition to adding new markets, Binance has implemented a performance review mechanism for liquidity providers. This weekly evaluation will help ensure the quality and efficiency of the liquidity provided on the platform. To incentivize liquidity providers further, Binance will distribute maker fee rebates based on their trading performance in the selected fiat markets. These rebates will be calculated as a percentage of the total Binance spot maker volume in each eligible market, with distributions starting on April 16, 2024.
To participate in the updated Fiat Liquidity Provider Program, users must have a 30-day trading volume of over 20,000,000 USDT equivalent on Binance Spot and Margin or other platforms, and demonstrate quality liquidity providing strategies. Interested users can apply for a trial period by providing proof of their trading volume to [email protected] or contacting Binance’s sales or key account coverage team.
It is important to emphasize that Binance reserves the right to disqualify trades that violate their policies, such as wash trades, illegal bulk account registrations, self-dealing, or market manipulation. These measures are in place to maintain the security and integrity of the platform and create a robust trading environment for all users.
At Extreme Investor Network, we believe that staying informed about these updates can help investors make better decisions in the cryptocurrency market. Stay tuned for more insights and analysis on the latest developments in the crypto space.
