• NOW

News

  • NOW

Bitcoin exchange HaoBTC will soon introduce the maker-taker fees model

Chinese bitcoin wallet and mining company HaoBTC last month officially launched their bitcoin exchange, which for the most part has been a simple buy and sell exchange with some basic options such as limit orders and market orders.

Today they announced plans to introduce a commonly used maker-taker fees model to the exchange, which should help attract new traders to the platform.

At the time of publishing, it’s not yet confirmed on what the new fees model will be. As comparison, below are other leading Chinese bitcoin exchanges who also run the maker-taker model and what their fees are. It’s probable that HaoBTC will have similar fees to stay competitive in the market.

  • BTCC – Maker Fees: .30 CNY | Taker Fees: .50 CNY
  • Huobi – Maker Fees: 0.1% USD (volume based) | Taker Fees: 0.2% – .08% USD (volume based)
  • OkCoin – Maker Fees: 0.00 | Taker Fees: .20% – .10% USD (volume based)

maker-taker-model

Maker-taker fees offer a transaction rebate to customers who provide liquidity (the market maker) to the exchange, while charging customers who take that liquidity. The main purpose of maker-taker fees model is to stimulate trading activity within an exchange by extending the incentive to post orders, in theory facilitating trading activity.

Tags in this story
bitcoin exchanges, bitcoin trading, HaoBTC, Maker Taker
Related
The Darknet Rises With 6 New Markets

As Dream dies and Wall Street exits, a string of new darknet markets (DNMs) has emerged to take their crown.… read more.

OTC Groups and State-Sanctioned Exchanges Start Trading Venezuela's Petro

Last February, news.Bitcoin.com first reported on the Venezuelan cryptocurrency the petro (PTR) launched by President Nicolas Maduro. Initially, many media… read more.

david@bitcoin.com'
David Shares

David is a writer, researcher, and developer who is passionate about bitcoin and blockchain. He writes for Bitcoin.com, Blockchain.com, and is the founder of Bitcoinx.io (which was acquired by Bitcoin.com). David previously used to write and curate for Myspace and has worked in the fintech and payments space for over 15 years.