New Maker Taker Trading
Ive added a new feature that will bring some additional liquidity to the exchange.
Some of you probably already know what Maker/Taker trades are, but for those who do not Ill explain:
Maker - This is a user who places an order that is unmatched on the order books. Meaning when this order is placed, it is not against an opposing order thus will create an open order on the books.
Taker - This is the opposite of a maker, meaning this is somebody who is buying directly from the sell orders or selling directly into buy orders.
A Maker makes liquidity and a Taker takes liquidity from the market.
If you are a Maker for an order, and your account is verified, then not only will you not pay any fees on that order but you will get a fee rebate of 0.05% when a Taker completes the order.
If your account is not verified, then standard fees (0.25%) apply. Taker fees will not change and remain at 0.25%.
So if you are generally creating Maker orders and are not verified, then I suggest you get verified as soon as possible to take advantage of this.
If you are verified and issue Maker orders, the system will still calculate the fees based on the standard amount, but any held fees will be returned once the trades actually occur. In your trade history, you will be able to determine when fees were rebates if the fee column shows a negative value.
Maker Taker trading enjoy!
