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 Binan
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