• CoinEx has upgraded its Market Maker Program, introducing significant adjustments to the AMM market fee rates and offering more privileges to market makers.
• These enhancements aim to further empower market makers and drive increased liquidity within the CoinEx ecosystem.
• 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%.
CoinEx Upgrades Market Maker Program
CoinEx is a prominent cryptocurrency trading exchange that recently upgraded its Market Maker Program, also known as the CoinEx Pro Trader Program. This strategic upgrade specifically caters to spot market makers, introducing significant adjustments to the AMM market fee rates in order to offer more privileges and lower entry barriers.
Aim of Enhancements
The enhancements are aimed at further empowering market makers and driving increased liquidity within the CoinEx ecosystem. Market makers are essential in keeping trading platforms running by providing massive liquidity, stabilizing supply-demand equilibrium and optimizing the trading environment.
Adjustments of Normal & AMM Market Fee Rates
The adjustment significantly lowered the monthly trading volume requirement for spot market makers so they only have to reach $1 million mark in order be included in the monthly ranking. Moreover, it reduced taker rate for most spot markets from LV1-LV4 while eliminating fees with rebates for LV5 (the highest level) spot markets – previously at 0%.
Benefits of Adjustment
The adjusted rules provide various benefits such as lowered entry barrier with enhanced fee rates and amplified rebate structure which allows different business groups in crypto space access these advantages easily.
This update from CoinEx serves as an example of their commitment towards promoting positive development within crypto industry’s ecosystem by creating friendly environment for traders through lowered fees and increased rebates resulting in improved liquidity within their platform