Binance Updates Fiat Liquidity Provider Program

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 day ago

Should l Buy IMX?

Program Terms Adjustment: Binance has updated its Fiat Liquidity Provider Program to incentivize market makers to maintain tight spreads and deep order books in fiat trading pairs, thereby enhancing trading experiences and strengthening market competitiveness.
New EUR Market Tier: The update includes the addition of a new EUR market tier, indicating Binance's intent to increase liquidity investment in Euro and other fiat pairs, particularly enhancing the appeal of the European market compared to USD-dominated pairs.
Market Impact Analysis: Fiat liquidity provider programs directly affect the trading experience for retail and institutional users, as active quoting by market makers helps narrow bid-ask spreads and reduce slippage for larger orders, thus improving overall trading efficiency.
Follow-Up Monitoring Focus: Investors should watch for Binance to publish additional implementation details, including effective dates and transition periods for existing liquidity providers, to timely adjust quoting strategies and monitor market performance in fiat pairs.

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Technical Analysis for IMX

Technical Sentiment Analysis for Immutable (IMX). As of , Immutable (IMX) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 6 indicators are flashing buy, while 2 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for IMX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, IMX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Immutable (IMX) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.138	0.149	0.158	0.169	0.179	0.19	0.2
Fibonacci	0.149	0.157	0.161	0.169	0.177	0.182	0.19

About IMX

Immutable positions itself as the first layer-two scaling solution for NFTs on Ethereum. According to Immutable, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience. Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security.Thanks to this technology, users will be able to create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale. Chris Clay, the game Director of Gods Unchained, a project already building on Immutable, stated that Immutable allows Gods Unchained to implement a new meta-system that was previously impossible. In this fashion, Immutable aims to create a world-class experience for users and developers alike.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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