Binance – the malta-headquartered, high-profile crypto exchange firm – has reportedly made public the news regarding its plan to roll out market maker project.

Specifically, on September 30, the firm announced that any client, whose trading volume based on a monthly basis crosses – or just be able to hit – the 1,000 Bitcoins (BTC) benchmark, along with having in their possession high-level market making strategies, is eligible to be a part of the project. 

Binance further stated that the project was built with a primary goal is to gather an increasingly extensive amount of liquidity to the platform. 

The firm also notified that its project is exclusive to the spot markets of the trading platform on a list of market maker, which will be reviewed and updated from time to time. Each market maker will have a chance to earn point, equivalent to how they performed on a wide array markets. Binance will employ it as a metric to come up with the proper fees for them.

More particularly, the factors which will affect the final score include maker volumes, bid/offer spread, total order size, order duration, weight adjustment on specific pairs. 

Submitting evidence of their actual trade volume is a compulsory step for every applicants.