Binance Launches Alpha 2.0 Liquidity Provider Rebate Program

• By implementing this new initiative, Binance intends to increase the number of users who participate in Alpha 2.0 markets and to enhance the quality of execution for users.
• The coverage of eligible tokens is updated on a daily basis based on objective criteria, which may include minimum Alpha 2.0 limit-order volume requirements and appropriate Alpha Points tagging.

Introducing a structured rebate framework for qualified participants that provide liquidity across eligible Alpha 2.0 trading pairs, Binance has introduced the Alpha 2.0 Limit Order Liquidity Providers Program. This program has a structured rebate framework.

A trading volume rebate of 0.001% is provided by the program for qualified trades that are matched with other users who are not engaged in the program. This rebate is paid hourly in USDC to the funding accounts of participants with the program. This opportunity is available to liquidity providers that satisfy the qualifying standards established by Binance. These criteria include demonstrating trading activity on Binance or other exchanges that is equal to Spot VIP 3 or above, as determined by the VIP team.

Through the enhancement of depth, the narrowing of spreads, and the reduction of slippage, strong liquidity contributes to the maintenance of sound markets. By implementing this new initiative, Binance intends to increase the number of users who participate in Alpha 2.0 markets and to enhance the quality of execution for users.

A dedicated Binance Alpha page has also been launched by Binance. On this page, users may get knowledge about Alpha Points and other Alpha events, such as airdrops and TGEs, as well as access important information and frequently asked questions. Additionally, they can see the current and historical performance of Alpha events to assist them in doing their own research. In addition to this, the page provides details on the development of certain Alpha-featured tokens within the context of the extended Binance ecosystem.

Eligibility to Participate in the Alpha 2.0 Limit Order Liquidity Providers Program

Enrolled participants are required to maintain a monthly effective Alpha 2.0 limit-order trading volume of at least USD 3 million equivalent. This volume must be aggregated across the master account and enrolled sub-accounts in order to retain eligibility. Prior to the beginning of volume reviews, there is a grace period that is in effect throughout the first full month after enrollment.

The coverage of eligible tokens is updated on a daily basis based on objective criteria, which may include minimum Alpha 2.0 limit-order volume requirements and appropriate Alpha Points tagging. In order to qualify for rebates, the volume must be matched with that of other consumers. It is not possible to engage in self-transactions or trades that are matched with other liquidity providers that are participating in the program.

The program helps support a variety of trading strategies while simultaneously improving execution quality for all users in eligible Alpha 2.0 markets. This reflects the ongoing demand for market-making frameworks that are tailored to specific trading environments. The program does this by expanding the range of liquidity models that are available on the platform.

Participants that meet the requirements and are interested in becoming members of the Binance Alpha 2.0 Limit Order Liquidity Providers Program should send an application to [email protected] or get in touch with their Binance sales or key account coverage representative. This page contains further details on qualifying requirements, token coverage, and the mechanics of the program.