CEX.IO announces 0% maker fee
UK-based cryptocurrency exchange CEX.IO has announced the launch of a Maker-Taker model. In an email sent to CoinReport, the exchange said that within the new fee schedule, maker fee is set to 0%.
“This is a major improvement to encourage even higher liquidity across CEX.IO markets,” said the exchange.
Regarding what maker-taker model is, the email explained that taking a closer look at the order execution enables one to see that each trade involves two parties: the maker, who places the order in the order book, and the taker, who “takes” or matches the maker’s order.
“In a nutshell, makers create liquidity on the market,” said the exchange. “Takers use liquidity from the market by matching makers’ orders.”
How it works on CEX.IO, said the exchange, is the new fee structure implies 0% trade fee for makers and standard 0.2% fee for takers on all trade pairs.
“We are striving to improve trading experience on CEX.IO and believe that introduction of Maker-Taker schedule will drive market movements. We are also standing for individual approach to every user and try to meet their needs. Therefore, we have developed FIX API for high-volume traders whom we welcome to join trading on CEX.IO and access even higher Bitcoin liquidity. More news and updates are coming soon,” said CEX.IO communications officer Helga Danova.
The exchange also said that special trade conditions are discussable for high-volume traders.
Images courtesy of CEX.IO