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Binance’s BREV Project Appoints Amber Group and GSR as Market Makers

Binance has engaged Amber Group and GSR Markets to help stabilize BREV trading, allocating each firm 1 million tokens from the initial supply.

Summary

Binance announced that Amber Group and GSR Markets will serve as market makers for its first 2026 HODLer project, BREV. Each company has been allocated 1 million BREV tokens, totaling 2 million and representing 0.8% of the project's initial token supply of 200 million. The tokens are being deposited across various cryptocurrency exchanges to facilitate liquidity provision.

Terms & Concepts
  • Market Maker: A firm or individual that provides liquidity by continuously quoting buy and sell prices for an asset.
  • BREV Token: A cryptocurrency issued under Binance’s HODLer project, used within its ecosystem.
  • HODLer Project: A Binance initiative encouraging long-term holding of cryptocurrencies.