In a surprising move, South Korean crypto exchange Bithumb has been quietly offering financial incentives to select high-volume traders, even after pausing its maker incentive program. This exclusive initiative aims to boost liquidity in specific tokens while re-engaging inactive users. Here’s what you need to know.
Bithumb’s Hidden Liquidity Incentives for Elite Traders
Despite temporarily halting its maker incentive program on June 1, Bithumb has reportedly reached out to certain high-volume traders with a limited-access event. The exchange is offering up to 500,000 won ($363) per day for providing liquidity in select tokens. A Bithumb spokesperson described this as a small-scale marketing effort to reactivate users with declining trading activity.
Why Did Bithumb Pause Its Maker Program?
The maker program, which previously rewarded users for adding liquidity to the order book, was paused without public explanation. However, the new incentives suggest Bithumb is testing alternative strategies to maintain market depth. Key points include:
- The program targets high-volume traders only.
- Rewards are capped at 500,000 won per day.
- Specific tokens are prioritized for liquidity boosts.
How Does This Impact Crypto Trading in South Korea?
Bithumb’s selective incentives highlight the competitive nature of South Korea’s crypto market. By focusing on high-volume traders, the exchange aims to:
- Improve liquidity in key trading pairs.
- Retain institutional and professional traders.
- Stay competitive against rivals like Upbit.
What’s Next for Bithumb’s Incentive Programs?
The spokesperson clarified that this is a short-term initiative, but its success could lead to broader incentives. Traders should watch for:
- Potential relaunch of the maker program.
- New rewards for retail traders.
- Expanded token support.
Conclusion: A Strategic Move in a Competitive Market
Bithumb’s discreet liquidity incentives reveal a calculated effort to retain top traders while optimizing market depth. As the crypto exchange landscape evolves, such targeted programs could become a key differentiator.
Frequently Asked Questions (FAQs)
1. What are Bithumb’s liquidity incentives?
Bithumb is offering up to 500,000 won per day to select high-volume traders for providing liquidity in specific tokens.
2. Why did Bithumb pause its maker program?
The exchange has not publicly disclosed the reason, but the new incentives suggest a shift in strategy.
3. Who qualifies for these incentives?
Only high-volume traders contacted by Bithumb are eligible for this limited-access event.
4. How long will this program last?
Bithumb describes it as a short-term marketing effort, but its duration remains unspecified.
5. Will retail traders benefit from similar incentives?
Currently, the program is exclusive to high-volume traders, but future expansions are possible.
