Dear CoinEx users,
Since the launch of Market Maker Program, CoinEx has reached pleasant cooperation with many outstanding teams around the world. With the expansion of our platform and of the global market, in order to better recruit global market makers and provide liquidity to the platform, CoinEx has upgraded the Market Maker Program on January 21, 2022 (UTC). The details are as follows.
1. Application Method Upgrade
Before: Individual traders or professional trading agencies who meet the requirement can self-apply to become CoinEx Market Maker.
After: Individual traders or professional trading agencies who meet the requirement can contact Market Making Manager to become CoinEx Market Maker(the contact info can be found on Market Maker homepage).
2. Fees System Upgrade
Before: The Monthly Market Making Level is divided according to spot/futures trading volume last month.
After: The Monthly Market Making Level is divided according to the ranking of spot/futures trading volume last month, which is assessed at 1:20 (UTC) on the first day of every month.
Ranking description: Assuming that there were 100 spot market makers with a trading volume of ≥5,000,000 USD last month, then ≤10% is 100*10% = 10. If the ranking of market maker A is 10, then he can enjoy the LV5 spot rate discount (the ranking rules work for both spot and futures Market Maker Fees System).
|
Spot Market Making |
|||
| Level | Ranking | Spot Fees | After CET Deduction |
| LV5 |
≤10%
|
Maker 0.0000% |
Maker 0.0000% |
| LV4 | ≤25% |
Maker 0.0100% |
Maker 0.0080% |
| LV3 | ≤45% |
Maker 0.0200% |
Maker 0.0160% |
| LV2 | ≤70% |
Maker 0.0300% |
Maker 0.0240% |
| LV1 | Last 30% |
Maker 0.0400% |
Maker 0.0320% |
|
Futures Market Making |
||
| Level | Ranking | Futures Fees |
| LV5 |
≤10%
|
Maker -0.0150% |
| LV4 | ≤25% |
Maker -0.0100% |
| LV3 | ≤45% |
Maker -0.0050% |
| LV2 | ≤70% |
Maker 0.0000% |
| LV1 | Last 30% |
Maker 0.0000% |
3. Transaction Cashback Upgrade
Before: The Cashback Level is divided according to the spot trading volume last month.
After: The Cashback Level is divided according to the ranking of spot trading volume last month, and only the First 20 can enjoy the cashback privilege. The details are as follows.
| Cashback Level | Ranking | Cashback Ratio |
| LV3 | Top 1-5 | 0.02% |
| LV2 | Top 6-10 | 0.015% |
| LV1 | Top 11-20 | 0.01% |
4. Giveback for Loyal Market Makers
(1) For Market Makers applied before the upgrade:
| Date(UTC) | Jan 2022 | 0:00 on Feb 1 - 24:00 on Feb 28, 2022 | Mar 1, 2022 and after |
| Level | MM Level remains the same | Enjoy the top level (LV5) for a month | Attend assessment under the new system |
(2) For cashback privileged Spot Market Makers registered before the upgrade:
| Date(UTC) | Jan 2022 | 0:00 on Feb 1 - 24:00 on Feb 28, 2022 | Mar 1, 2022 and after |
| Level | MM Level remains the same | Enjoy the top level (LV3) for a month | Attend assessment under the new system |
5. Exclusive Gifts for New Market Makers
New market makers enjoy top rates for the first month.
For more privileges of CoinEx Market Makers, please click HERE.
CoinEx Team
Jan 21, 2022
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