# Binance Raises Market-Maker Rebates for One Week After $6.3 Billion Breach

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/46848
Published: 2026-11-02T19:53:54.000Z
Updated: 2026-11-02T19:53:54.000Z
Section: Business

> Binance’s Bitcoin (BTC) depth within 1% of price fell from $45 million to $32 million in the first day after the Oct. 29 compromise.

Binance is giving some small and midsize market makers a one-week rebate boost after its Oct. 29 hot-wallet breach, seeking to shore up liquidity as Bitcoin (BTC) depth declined.

The temporary offer covers spot and futures trades. It gives Tier 2 and Tier 3 market makers the rebate rate assigned to Tier 4, Binance’s highest tier. The change is intended to encourage more quoting and maintain order-book depth.

On Binance, BTC order-book depth within 1% of its price fell from $45 million to $32 million during the first 24 hours after the incident. That was a $13 million drop, roughly 29%, or about 30%. The measurement covers Binance’s order book.

Binance estimated losses from the hot-wallet compromise at about $6.3 billion. The rebate program is temporary and set to last one week.