CoinTelegraph
Binance has raised rebates for smaller market makers to boost liquidity, Bloomberg reported, following last week’s record $6.3 billion hack.
Why it matters
Rebates can lower trading costs for market makers, which provide buy and sell orders that help keep markets liquid. Binance’s change is aimed specifically at smaller firms.
Market impact
The measure is intended to support liquidity after a major security incident. The report does not specify the new rebate levels or how much liquidity the change may add.
Frequently asked questions
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Why did Binance raise rebates for smaller market makers?
Binance raised rebates to boost liquidity after last week’s record $6.3 billion hack, Bloomberg reported.
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How can rebates support market liquidity?
Rebates can lower trading costs for market makers, which provide buy and sell orders.
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Which market makers are targeted by Binance’s change?
The rebate increase is aimed at smaller market makers.
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What security event preceded Binance’s rebate change?
The change followed last week’s record $6.3 billion hack.
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Did the report disclose the new rebate levels?
No. The report did not specify the new rebate levels or how much liquidity the change may add.
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