Coinsetter announces 0.1% rebate
Wall Street-based Bitcoin exchange Coinsetter announced Monday the industry’s first full 0.1% trading rebate. Offering the rebate under what it calls “Maker-Taker” pricing – “a complete and audacious overhaul of its pricing structure” –, the exchange said that it offers the new universal pricing with a 10 basis point “Maker” rebate.
Making the announcement in a press release sent to CoinReport, Coinsetter explained that it now offers all traders a full 0.1% rebate for providing liquidity to its market, allowing users to earn money rather than paying a fee to trade on the exchange.
According to Coinsetter, the “Maker-Taker” pricing is a structure that offers an incentive to users adding liquidity to a market (Makers) in the form of paid-out rebates while charging fees to users taking liquidity out of the market (Takers).
This incentive, said Coinsetter, inspires active traders to sustain liquidity at better prices on an order book, benefiting the entire marketplace.
Explaining how a user can earn a rebate on a trade, Coinsetter said, “[a user who wishes to earn a rebate] must submit a non-marketable limit order that rests on Coinsetter’s order book and is filled by another user.”
Together with Coinsetter’s margin trading capabilities, which are free up to $10k and let traders access up to 5 times leverage, the new pricing model, said the exchange, makes it the most profit-enhancing exchange to active traders of all sizes.
“Coinsetter is the first bitcoin exchange to offer a large maker-taker rebate model with no strings attached – an aggressive move that no company in our space has afforded traders to date,” said Coinsetter CEO Jaron Lukasiewicz.
He added, “Coinsetter today is blazing a new path with the most egalitarian pricing of any bitcoin exchange.”
Image credits: Courtesy of Coinsetter