Rebate incentives raised: Binance Tier 2 and Tier 3 market makers to receive Tier 4 fee rates for one week

Odaily reports that sources familiar with the matter have revealed that after Binance suffered a theft incident of approximately $6.3 billion, it has contacted smaller market makers to increase their rebate incentives in the spot and futures markets. During the week-long promotional campaign, Tier 2 and Tier 3 market makers will receive the same rebate rates as Tier 4 market makers, in order to incentivize smaller liquidity providers to quote prices and maintain deeper order books. A Binance spokesperson stated: "Just as we value clear communication, we will immediately take measures to safeguard our core strength: liquidity."