Cryptocurrency exchange Binance announced it has launched the Liquidity Pairing Program, allowing projects seeking to improve liquidity and foster a robust ecosystem to connect with qualified Liquidity Providers.
To participate in the new initiative, Liquidity Providers are invited to contact their VIP sales or designate a key account manager. Applicants selected for the program will be categorized as either premium or standard. Premium status entails maintaining its VIP level over seventh, along with over 50 active spot pairs traded in the past month. Standard status requires having over a fourth VIP level, along with over 30 active spot pairs. Additionally, for premium status, the tier maintained in the spot liquidity provider program must exceed Tier 2, while for standard status, it must exceed Tier 3.
Liquidity plays a vital role in the cryptocurrency market, influencing various factors such as trading efficiency and market resilience. It essentially denotes the degree of ease with which an asset can be traded or exchanged without causing a substantial impact on its price.
Binance Introduces Funding Rate Arbitrage Bot To Boost User Trading Experience
Founded in 2017, Binance holds the distinction of being the digital asset exchange with the highest trading volume. Specializing in altcoin trading, it offers trading options for more than 350 cryptocurrencies and virtual tokens on a crypto-to-crypto basis.
Based on recent findings from analytics firm CCData, spot volumes on centralized cryptocurrency exchanges declined in April, indicating the initial decrease over the seven-month period, which correlated with Bitcoin’s price dropping by over 15%. Despite this trend, Binance retained its leading position, boasting $700 billion in spot trading volume, as reported by the data.
Recently, the cryptocurrency exchange unveiled a new feature designed to streamline users’ trading experience – the Funding Rate Arbitrage Bot. This bot utilizes a delta-neutral spot and futures arbitrage strategy, eliminating the need for traders to manually execute separate spot and perpetual futures trades.
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