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1. What's Happening?

- Binance, a major cryptocurrency exchange, is making changes to its "Fiat Liquidity Provider Program."

- Starting from June 25, 2024, they're adding the Japanese Yen (JPY) market to this program.

- They're also reviewing new markets to qualify for the program.

2. What's the Fiat Liquidity Provider Program?

- It's a program where certain users (liquidity providers) help maintain liquidity (smooth trading) for fiat-to-crypto pairs on Binance.

- These users get incentives (like fee rebates) for their participation.

3. How Does It Work?

- Users with high trading volumes (over 20 million USDT equivalent) can join.

- They need to prove their trading volume and show good liquidity strategies.

- If qualified, they get rebates on maker fees (fees for creating liquidity) in specific fiat markets.

4. What Are the Eligible Fiat Markets?

- TRY, EUR, BRL, ZAR, PLN, UAH, ARS, RON, MXN, CZK, COP, and now JPY.

- Users' weekly trading volume in these markets matters.

5. How Are Rebates Calculated?

- Binance looks at users' weekly spot maker volume (how much liquidity they provide) in each fiat market.

- Rebates are based on this volume and the overall market activity.

6. What Does It Mean for the Crypto Market?

- Adding JPY could attract more traders and boost liquidity.

- Rebates encourage liquidity providers, which can stabilize prices and reduce volatility.

- Overall, it might have a positive impact on the crypto market by making trading smoother.

Do your own research before investing.

What do you think about this. Will it help the market?

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