Lending
Bitget Enhances Liquidity Program to Boost Market Growth
Wednesday. July 24 at 12:30 PM
1 min. readBitget has announced a major update to its spot liquidity incentive program, set to launch on August 1, 2024. The program aims to attract skilled market makers to improve market liquidity and enhance the trading experience. Market makers will benefit from perks such as access to low-interest rate over-allocated funds, multi-coin institutional lending services, and prioritized quote rankings for top performers. The revised fee structure offers competitive rates based on different tiers, with the highest tier enjoying a maker rate of -0.012% for spot trading. Market makers must maintain a maker rate above 75% to retain their status, with disqualification and a reapplication ban for failure to meet requirements. Bitget's growth is evident in the increase in website traffic, new user acquisition, and spot trading volume. The introduction of new products like PoolX and Pre-market, along with the success of the BGB token, has solidified Bitget's position in the market.