Crypto exchange Gate.io now has a game-changing market maker rebate of 0.012% and an improved fee structure
Both startups and established market players are being forced to downsize, halt yield-farming programs, and even shut down popular retail and institutional services amid a painful crypto winter.
Image from Gate.io
However, Gate.io, a veteran cryptocurrency exchange, has changed its fee policy to support market makers injecting liquidity into the platform. You can now enjoy the most competitive prices and generous discounts on the market.
Gate.io offers market makers a 0.012% discount and introduces the most competitive fee rates
Starting August 2022, Gate.io will allow upgrades to its fee structure, introducing immense benefits to different tiers of merchants and slightly changing the VIP tier conditions.
So what happens to the fees on Gate.io? And how can retailers benefit from these adjustments?
To sue
- A new fee structure is being implemented by the Gate.io team for its spot and derivatives traders;
- Up to 0.012% rebates for market makers will be introduced on spot markets (including levels from MM1 to MM4);
- Discounts of up to 0.015% are introduced for futures markets; This update makes Gate.io fees better than the competition.
- MM status (for all levels) can now be obtained either by meeting a 30-day spot or futures maker volume percentage of the total exchange volume or by activity in liquidity provision for specific trading pairs;
- Therefore, MM tiers now offer better market fee rates than the VIP tiers; the customer fees remain the same for both systems.
In short, Gate.io has introduced one of the most attractive and competitive fee structures for market makers to ensure the sustainability and progression of its liquidity ecosystem as well as the best prices on all assets and trading pairs.
What is Gate.io?
Launched in 2013, Gate.io is one of the leading centralized cryptocurrency ecosystems in the Web3 segment. It advocates an “all-in-one” approach: Gate.io used spot and futures trading dashboards, a one-click buy crypto feature, native initial exchange offering (Blockchain Projects Discounts), Launchpad Gate .io Startup and a set of applications for various devices.
The platform has the widest range of coins among any mainstream exchange; 1,400 coins are available in over 2,500 trading pairs. Gate.io launches special initiatives to onboard fans of the DeFi and NFT segments.
The exchange is also known for its balanced and flexible community management strategy. During the nine years of its operation, Gate.io managed to build a credible brand and build strong relationships with institutions. Gate.io experts support the platform’s clients in optimizing trading strategies, risk management, liquidity logistics and so on.
Gate.io announced a new logo and began a major rebrand of all of its elements to celebrate its 9th anniversary in early June 2022.
Why does Gate.io support market makers?
In recent years, Gate.io has relentlessly reiterated its commitment to developing attractive products for institutional investors and sophisticated traders at scale. Gate.io offers high market depth and unmatched liquidity volumes for these user categories. These clients work with GIS (Gate Institutional Services) that provide operational support to market makers, hedge funds, brokers, etc.
To stimulate the activity of market makers – who are key players on modern Web3 exchanges, both centralized and decentralized – major exchanges introduce market maker rebates. Rebates (or “negative fees”) are a form of incentives designed to boost trading activity by market makers on a centralized exchange.
Technically, rebates are only introduced for the largest clients to keep exchanges revenue strategies balanced and sustainable. However, all users can benefit from the increase in liquidity inflows regardless of their deposit size, resulting in a more competitive price and faster order execution speed.
New fee structure on Gate.io
At the end of Q3 2022, Gate.io changed its fee structure by introducing new tiers for its users and Gate.io adjusted the VIP tier requirements with better manufacturer discounts.
Stunning update
With the update of the fee policy, the status of traders no longer depends on the amount of their deposit in Gate.io’s Exchange Token GT, but solely on a 30-day trading volume. Previously, the two factors were counted in combination, but now the team has decided to prioritize trading volume.
Image from Gate.io
VIP upgrades are now available for three groups of large and active Gate.io users. Namely, the list of options required to get VIP status includes the following:
- “30-day trading volume” – for active traders and market makers: daily traders, swing traders, scalpers and so on;
- “GT Holding” – for owners of the largest GT deposits: early backers, platform fans or stakers;
- “Total Holdings” – for experienced cryptocurrency market participants with large deposits in Bitcoin (BTC) and altcoins, not necessarily GT from Gate.io.
Then market makers can enjoy the biggest discounts in the market. Rebates go live as part of the Market Maker program, which uses the MM tiers for maker fees. Namely, the Gate.io ecosystem introduces up to 0.012% rebate for spot markets and up to 0.015% rebate for futures markets. This is the most generous rebate program for CEX and DEX to date.
Also, Gate.io reduced taker fees for certain VIP levels to stimulate trading activity from major clients.
In addition to its market maker program, Gate.io has adjusted the VIP10-VIP16 levels in its VIP status initiative. Namely, all VIP10-VIP16 level accounts can now trade with 0% maker fees on Gate.io’s spot and futures dashboards.
Premium service for institutional investors
In its attempt to guarantee the highest possible service for institutions, Gate.io introduced the Gate Institution, a service branch for institutional investors. The focus of this department is to strengthen Gate.io’s presence in the institution’s digital assets trading segment and to support discerning customers at an industry level.
With Gate Institution, experienced traders can benefit from high frequency and low latency servers, enjoy discounts and premium offers for MM and VIP levels and access up to 100x leveraged trading, secure funding and instant loans.
Elin, the head of Gate Institutional, emphasizes that this segment of the crypto audience is critical to Gate:
Market makers play an important role in the markets by providing liquidity and fueling growth. Our institutional services are tailored to their importance. We remain confident that global market makers will experience the highest level of service and the most competitive offers on Gate.io. We are always looking for new ways to improve our services to attract new investors.
trade competition
To open up new opportunities for market makers and experienced traders, the Gate.io team launched a massive trading competition with one of the largest prize pools in crypto. A total of $2 million will be shared between merchants who would be migrating from their existing platforms to Gate.io.
To qualify for this tournament, traders must provide “proof of volume”; all eligible applicants will see immediately that their VIP status will be upgraded.
bottom line
Gate.io, the premier cryptocurrency exchange ecosystem, is rethinking its fee structure to attract maximum liquidity inflows. Gate.io introduces market maker rebates of 0.012-0.015% for spot and derivatives sections. This is the most competitive discount rate on the market through Q3 2022.
Also, Gate.io is launching the competition for large traders migrating from other centralized exchanges with a $2,000,000 prize pool.
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.