Bitfinex Latest Exchange to Adopt Liquidity Taker/Maker Commission Structure
In a letter to clients, bitcoin and litecoin exchange, Bitfinex, has announced a new pricing structure for commissions that has gone into effect over this past weekend. Similar to other firms that have made the switch recently to attract 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 into their order books, Bitfinex has adopted a commission structure to favor traders that add liquidity. According to new structure, traders adding liquidity will be charged between 0.0 to 0.1% commission based on their monthly volumes traded, versus a flat 0.2% charge for removing liquidity.
With its low fees and being one of the few venues offering the ability to take short trades and margin trading, Bitfinex has carved out itself a niche as a destination for active traders along with BTC-e, and has been consistently holding over 5% market share among reporting exchanges on Bitcoinity. In the past, Bitfinex had been integrating liquidity from Bitstamp, while also building its internal order book, but has recently made changes to aggregate all external sources into one single feed on their order book. In that regard, the current announcement to provide more aggressive commissions for Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term is part of the firm’s continued direction of increasing available market depth on its order book.
In a letter to clients, bitcoin and litecoin exchange, Bitfinex, has announced a new pricing structure for commissions that has gone into effect over this past weekend. Similar to other firms that have made the switch recently to attract 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 into their order books, Bitfinex has adopted a commission structure to favor traders that add liquidity. According to new structure, traders adding liquidity will be charged between 0.0 to 0.1% commission based on their monthly volumes traded, versus a flat 0.2% charge for removing liquidity.
With its low fees and being one of the few venues offering the ability to take short trades and margin trading, Bitfinex has carved out itself a niche as a destination for active traders along with BTC-e, and has been consistently holding over 5% market share among reporting exchanges on Bitcoinity. In the past, Bitfinex had been integrating liquidity from Bitstamp, while also building its internal order book, but has recently made changes to aggregate all external sources into one single feed on their order book. In that regard, the current announcement to provide more aggressive commissions for Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term is part of the firm’s continued direction of increasing available market depth on its order book.