Binance.US launches rebate and rewards program to boost liquidity
Binance’s U.S. subsidiary launched a «Market Maker Program» with rebates and rewards to boost liquidity on its platform.
The program provides incentives on a select group of trading pairs for providing liquidity —notably the top 25% of participants get a rebate of 0.005%, with the next 25% receiving 0.002%.
The
Eligible participants will receive the rewards daily, after a grace period during onboarding, and all participants are eligible for 0 maker fees on the pairs included in the program. The top 75% of participants will receive 0 maker fees on all trading pairs in the
The exchange’s program is different to others which primarily use volume-based tiers. Instead market makers are qualified using several factors which include, maker volume, spread, depth and the trading pair weight.
The U.S. exchange has been offering a new line of products every few weeks. On Sept. 7, it launched its own Ethereum staking product ahead of The Merge, with a starting annual percentage yield (APY) of 6% – just three months after launching its staking program.
In June, the exchange cut bitcoin trading fees to zero for select pairs — a move its global arm followed weeks later — becoming the first exchange in the U.S. to do so.