Topic: Maker/Taker pricing for a new altcoin exchange? (Read 954 times)
Howdy. I like your maker-taker model and am interested in your API. Please message me when it's available.
Maker/Taker is definitely ideal.
Especially if you have an API that could support bot market makers.
Especially if you have an API that could support bot market makers.
Our API will be available in a few days. But PM me if you want early access.
Good to know that you like Maker/Taker
Not to mention probably the best way to attract attention would be to add a hot under the radar coin first and have it blow up (Poloniex/XMR)
Maker/Taker is definitely ideal.
Especially if you have an API that could support bot market makers.
Especially if you have an API that could support bot market makers.
Our exchange just switched to Maker/Taker pricing, with a +0.5% rebate for market makers (if you place the order first). As a new exchange we're trying to increase volume and encourage people to place orders. Kickstarting that initial volume is a challenge. People come but don't see many other orders, so they don't place their orders, and neither does the next person, etc. Do you think this will help? Do you like this pricing model, or do you prefer the traditional one with fees around 0.2% for both buying/selling?
I also think this could be very lucrative opportunity for anyone interested in being a so called market maker, where you create both buy and sell orders at the same time. You can make money on the spread (difference between the highest buy price and lowest sell price) as well as the 0.5% rebate.
If you haven't heard of Maker/Taker pricing before, here's how it works:
Market makers (those who are first to post the order) are rewarded with a +0.50% rebate. Takers (those who take the orders) are charged a -0.50% fee. In the end, market makers earn a rebate for providing liquidity and market takers help create a more efficient market.
Example:
Joe decides he wants to sell some of his Darkcoin. He posts a sell order for 50 Darkcoin. Before the rebate, the sale would yield a total of 0.8835 BTC. With the rebate applied, the sale would yield an additional 0.0044175 BTC -- almost $3 USD at Bitcoin's current price as of today.
So what do you think, will Maker/Taker pricing increase our volume? Does it interest you, or is there a reason very few exchanges doing this?
Steve Rawlinson
Chief Trading Engineer
RapidCX.com
I also think this could be very lucrative opportunity for anyone interested in being a so called market maker, where you create both buy and sell orders at the same time. You can make money on the spread (difference between the highest buy price and lowest sell price) as well as the 0.5% rebate.
If you haven't heard of Maker/Taker pricing before, here's how it works:
Market makers (those who are first to post the order) are rewarded with a +0.50% rebate. Takers (those who take the orders) are charged a -0.50% fee. In the end, market makers earn a rebate for providing liquidity and market takers help create a more efficient market.
Example:
Joe decides he wants to sell some of his Darkcoin. He posts a sell order for 50 Darkcoin. Before the rebate, the sale would yield a total of 0.8835 BTC. With the rebate applied, the sale would yield an additional 0.0044175 BTC -- almost $3 USD at Bitcoin's current price as of today.
So what do you think, will Maker/Taker pricing increase our volume? Does it interest you, or is there a reason very few exchanges doing this?
Steve Rawlinson
Chief Trading Engineer
RapidCX.com
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