BREAKING
250d 4h ago

Binance Launches Small Coin Liquidity Enhancement Plan Boosting IOTX Trading Volume and Market Depth

IOTX

IOTX/USDT

$0.005910
-1.99%
24h Volume

$1,176,614.46

24h H/L

$0.006170 / $0.005880

Change: $0.000290 (4.93%)

Funding Rate

+0.0100%

Longs pay

Data provided by COINOTAG DATALive data
IOTX
IOTX
Daily

$0.005910

-3.11%

Volume (24h): -

Resistance Levels
Resistance 3$0.007000
Resistance 2$0.006600
Resistance 1$0.006100
Price$0.005910
Support 1$0.005800
Support 2$0.005100
Support 3$0.002800
Pivot (PP):$0.00597667
Trend:Downtrend
RSI (14):33.8

Binance has officially introduced the Small Coin Liquidity Enhancement Plan, designed to boost liquidity for lesser-known cryptocurrencies through a negative fee incentive model, offering rebates up to -0.01%. This initiative aims to attract professional liquidity providers, thereby increasing trading activity and market depth for small-cap tokens on the platform. Among the initial beneficiaries, IOTX stands out as a key supported asset, drawing significant market attention.

The program is set to lower market-making expenses substantially, encouraging deeper engagement from liquidity providers in the IOTX/USDT trading pair. Enhanced liquidity is expected to tighten spreads and minimize slippage, fostering a more efficient price discovery process. This development is likely to drive higher trading volumes and invigorate market dynamics, benefiting both retail and institutional investors.

Leveraging Binance’s global market presence, the initiative is poised to increase capital inflows and visibility for IOTX. This strategic move supports the expansion of the IoTeX ecosystem within the DeFi and AI sectors, promoting sustainable growth and long-term value creation for stakeholders.

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