Binance, a cryptocurrency exchange, is taking measures to increase liquidity in the market, which has been negatively affecting Bitcoin and Ethereum prices. To achieve this, Binance is launching additional BTCUSDT and ETHUSDT daily options from May 15, which will increase trading and liquidity.
These options will be European-style options contracts and will have a trading duration of three days. Additionally, Binance is offering rewards to users who add liquidity to the WBTC/BTC and WBTC/ETH liquidity pools and updating the tick size for some spot trading pairs from May 18 to further increase market liquidity.
However, Binance's spot-trading volumes share fell to 51% in May from 73% in March due to regulatory crackdowns in the US and market makers exiting the US.
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