Bitget

Bitget's Market Maker Incentive Program boosting cryptocurrency liquidity

A prominent cryptocurrency derivatives and copy trading platform, Bitget has opted for a new Market Maker Incentive Program. The program is a strategic initiative designed to partner with prominent market makers in the cryptocurrency sector. Through this platform Biget will encourage and reward market participants who help make their trading platform more liquid and efficient.

The program features competitive rebate rates. Market makers who will join in the first month are eligible for rebates of up to 0.015%. Additionally, top-performing market makers will receive monthly subsidies. Bitget has lowered entry barriers for market makers. This will allow professionals from other exchanges to easily transition to their platform. Gracy Chen, Managing Director at Bitget, emphasizes their commitment to build mutually beneficial relationships and foster diversity and inclusiveness within the market.

The Market Maker Incentive Program comprises three tiers that will offer rebates based on monthly trading volumes. Tier 1 will offer a 0.015% rebate for volumes up to $10 million USDT per month. According to Tier 2 and 3, Market Makers with monthly trading volume of up to $5 million USDT will receive a rebate of 0.010% and those having monthly trading volumes under $2 million USDT will be eligible for a 0.005% rebate.

Bitget is committed to offering high-quality benefits and innovative trading products to its users. Their goal is to not only attract but also nurture interest in cryptocurrencies on a global scale. Additionally, Bitget is focused on maintaining a secure and safe trading environment for both experienced and rookie cryptocurrency traders.

Bitget's continuous efforts have yielded significant results. Their spot market share has increased by 6% by the end of Q2 2023. The outcome is a lot better compared to the 2% market share they held at the beginning of the year.

Bitget's comprehensive 'Go Beyond Derivatives' strategy includes aggressive token listings, launch offerings, and partnerships with influential figures like Lionel Messi. Established in 2018, Bitget serves over 20 million users in 100+ countries and regions and offers innovative trading solutions and a multi-chain crypto wallet known as Bitget Wallet.