This August, CoinEx upgraded its Market Maker Program, also known as the CoinEx Pro Trader Program. The upgrade chiefly targets spot market makers and includes adjustments to the AMM market fee rates. This adjustment will allow market makers to join CoinEx Market Maker Program with a lower threshold, more appealing rates, as well as more rebates.
Market makers play crucial roles in the crypto space. They are not only the engines that keep trading platforms running by providing massive liquidity but also the stabilizers that maintain the supply-demand equilibrium and optimize the trading environment. History tells us that market downturns in the crypto industry are essentially a lack of liquidity, which, in turn, makes market makers struggle, and the sudden collapse of two top market makers during the last bear market places the group in an even tougher situation.
CoinEx’s adjustment to its Market Maker Program rules not only reduces trading fee rates and increases rebates to offer more privileges but also aims to embrace different business groups in the crypto space and promote positive development within the industry’s ecosystem. According to the official announcement, the details of the Market Maker Program rules adjustment are as follows:
I. Adjustment to the Monthly Ranking Requirement for Spot Market Makers
The adjustment significantly lowered the monthly trading volume requirement for spot market makers. They only have to reach the $1 million mark to be included in the monthly ranking.
II. Adjustments of the Normal Market Fee Rate and the AMM Market Fee Rate
1. Levels, Rankings, and Rates of Spot Market Makers in Normal Markets
2. Levels, Rankings, and Rates of Spot Market Makers in AMM Markets
The upgrade has reduced the taker rate for most spot market makers (LV1 to LV4). For LV5 (the highest level) spot market makers, the maker rate, previously at 0%, has been cut to -0.02%, which means zero-fee with rebates!
Before the adjustment, the lowest fee rate for spot market makers is only 0.05% (stablecoin AMM markets only); now, they can enjoy 0% rates in both normal AMM markets and stablecoin AMM markets.
III. Adjustment to the Cashback Rules for Spot Market Makers
Before the adjustment, the top 20 market makers in terms of trading volume in the previous month are eligible for spot maker rebates.
After the adjustment, spot market makers at LV4 and LV5 can enjoy a negative fee rate(negative fee rate means rebate)! When the fee rate is negative, the trading will be settled at 0 fee rate, and the rebates will be credited to the spot account of the trading account the following day, settled in USDT.
CoinEx has long been offering extremely favorable fee rates to worldwide professional traders through the Market Maker Program. For market makers, lower fees translate to higher profits. With the latest adjustment, CoinEx now features even more appealing fee rates of as low as -0.02% to spot markets. The lower barriers and fees, along with increased rebates and privileges, and more market choices, will help market makers capture more opportunities and greater profits.
CoinEx provides easy-to-use products and stable, secure trading services for 5 million users from over 200 countries and regions. This global crypto exchange strives to serve as an easy gateway for users from all around the world to the crypto space. Apart from the seamless trading services offered to ordinary traders, CoinEx also caters to professional traders with exclusive services, of which the Market Maker Program is a key component. All these efforts demonstrate the exchange’s aspiration to empower the market maker group for shared prosperity.
Following the adjustment, CoinEx will provide more market maker privileges to encourage them to optimize market liquidity, which will improve the trading environment and experience for retail users. As CoinEx continues to embrace all crypto groups and drive industry progress, more crypto users worldwide will be able to trade cryptos easily and freely, unlocking their financial possibilities through CoinEx.
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