17.01.2021

Binance Introduces Its Market The maker Program for High Capacité Users

Per the declaration, users whose monthly offering volumes exceed 1, thousand Bitcoins ( BTC ) – or can reach hey volumes – and which people also have quality market providing strategies can immediately add the program. Binance explains actuality that aim of the initiative must bring more liquidity inside the direction exchange.

Highly important cryptocurrency exchange Binance proclaimed in a blog post published via Sept. 30 that it is creating a market maker program.

A bid for more liquidity

The firm notes that the program is limited to the blemish markets of the trading platform using “market maker pair list” that will be periodically updated. Every single and every market maker will be with our understanding of a score based on most of their performance across various segments, depending on which the exchange will likely calculate their fees.

More precisely, your current score will take into account making volumes, bid/offer spread, count order size, order of your time, weight adjustment on specialized pairs. Binance requires all to prove their trading volumes. For example , by providing data from another exchange or by talking with their key account manager.

As Cointelegraph reported in April, competing crypto exchange OKEx also announced its market maker program, with incentives for participants in the form of lower trading fees and reduced transaction runs.

Source

Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Leave a Reply

Your email address will not be published. Required fields are marked *