BitVC Becomes Next Huobi Venue to Adopt Market Maker-Taker Fee Model

Tuesday, 03/02/2015 | 11:23 GMT by Leon Pick
BitVC Becomes Next Huobi Venue to Adopt Market Maker-Taker Fee Model

BitVC, the margin and futures Trading Platform of Chinese bitcoin exchange Huobi, will adopt a maker-taker trading fee model.

The announcement comes one week after Huobi's USD exchange, BitYes, employed a similar model. Both divisions are looking to increase volumes and Liquidity as Huobi looks to expand internationally.

On BitVC, market makers--who add liquidity with orders not immediately executable-- will not pay trading fees for such orders. Market takers, whose orders are immediately executable and therefore remove liquidity from the market, will pay the standard trading fee, less any discounts rewarded for high trading volume.

Market makers are also rewarded with a portion of the fees paid by market takers, commensurate with their own trading volumes.

A maker-taker model for Huobi's main yuan-based exchange is not relevant since it does not charge trading fees.

According to bitcoinity.org, Huobi currently commands 16.8% of the global bitcoin trading volume, ranking it third behind BTC China and OKCoin.

BitVC has also released its mobile app for Android and iOS.

BitVC, the margin and futures Trading Platform of Chinese bitcoin exchange Huobi, will adopt a maker-taker trading fee model.

The announcement comes one week after Huobi's USD exchange, BitYes, employed a similar model. Both divisions are looking to increase volumes and Liquidity as Huobi looks to expand internationally.

On BitVC, market makers--who add liquidity with orders not immediately executable-- will not pay trading fees for such orders. Market takers, whose orders are immediately executable and therefore remove liquidity from the market, will pay the standard trading fee, less any discounts rewarded for high trading volume.

Market makers are also rewarded with a portion of the fees paid by market takers, commensurate with their own trading volumes.

A maker-taker model for Huobi's main yuan-based exchange is not relevant since it does not charge trading fees.

According to bitcoinity.org, Huobi currently commands 16.8% of the global bitcoin trading volume, ranking it third behind BTC China and OKCoin.

BitVC has also released its mobile app for Android and iOS.

Topics
Exchanges
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