There’s no place like home. And for the modern-day digital asset trader, home is where the order book is. At HitBTC, we couldn’t be prouder of the community of traders that has helped us cultivate this space and turn what was just a dream a little over five years ago into the digital home of innovators and next-gen economy builders.
We want to accommodate our community as best we can, and give them an unbeatable experience in our digital backyard. We have been able to do this by offering an industry-leading number of trading pairs and an intuitive and helpful interface, among other things. But we are always looking for ways to do better and bring more to the table.
Therefore, we are really happy to announce that we have overhauled our maker-taker fee tier system and drastically slashed our transaction fees.
Of importance to us in this process was optimizing our exchange for traders of all kinds. Too often traders have to pay out the nose via transaction fees just to enjoy a comfortable level of security on an exchange.
Our old tier system had fifteen levels, ranging from 30-day trading volumes of less than 100 bitcoins to volumes of greater than 6 million bitcoins. It was, in short, comprehensive. But we felt it could better suit everyone involved if it were tailored to better facilitate the activities that are most common here. The fifteen previous tiers have been consolidated into ten, and fees have been slashed across the board.
Just looking at the lowest tier, which now applies to 30-day trading volumes of less than 10BTC, fees here have been slashed from 0.1% for makers and 0.2% for takers to a blanket 0.07% for both categories. For upgraded accounts, HitBTC utilizes a trading fee tier system, rewarding community members for high volume trading. The fees for the rest accounts are fixed at 0.1% Maker Fee and 0.2% Taker Fee.
While the maker-taker system is designed to encourage liquidity positive activity on behalf of traders, we believe the adjustments we have made will further stimulate liquidity by freeing up members of the first bracket class from restrictive transaction fees. The incentive staggering that favors makers continues as you ascend the nine tiers, but now users are provided with an industry low fee threshold at the most basic level of engagement on our exchange.
Moving forward, we hope that this fee slash comes to mark the beginning of a period of growth for our platform, both in terms of community and product. The process of refinement—for anything worth refining—is never-ending, and we are honored that you are coming along with us on this journey. If you have any questions regarding the new fee system, or anything else concerning our platform, our support team will be happy to help.