Huobi's BitYes Implements Maker-Taker Fee Model, Waives Litecoin Trading Fees till June 30

Huobi's US dollar-based Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term exchange, BitYes, has implemented a maker-taker fee model in a bid to boost volumes and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term.

Fees will be waived until March 31 for trades executed in a market making capacity, whereby the order adds liquidity to the market. Market takers, whose orders are immediately executable and remove liquidity from the market, will pay a fee ranging from 0.08% to 0.2% depending on their rolling 30-day trade volume.

Also until March 31, all deposit fees are waived.

Fees for litecoin trading are waived until June 30.

Though the exchange offers USD-based trading, it is not available to US customers due to regulatory concerns. The exchange is reportedly working with compliance experts to eventually open up to the US market. Huobi has said that international expansion will be a priority in 2015.

Spreads on bitcoin trading are pretty tight, currently at $0.03 (0.01%). 24-hour volume is close to 4,000 BTC.