BitVC Becomes Next Huobi Venue to Adopt Market Maker-Taker Fee Model

BitVC, the margin and futures Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term of Chinese bitcoin exchange Huobi, will adopt a maker-taker trading fee model.

The announcement comes one week after Huobi's USD exchange, BitYes, employed a similar model. Both divisions are looking to increase 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 as Huobi looks to expand internationally.

On BitVC, market makers--who add liquidity with orders not immediately executable-- will not pay trading fees for such orders. Market takers, whose orders are immediately executable and therefore remove liquidity from the market, will pay the standard trading fee, less any discounts rewarded for high trading volume.

Market makers are also rewarded with a portion of the fees paid by market takers, commensurate with their own trading volumes.

A maker-taker model for Huobi's main yuan-based exchange is not relevant since it does not charge trading fees.

According to bitcoinity.org, Huobi currently commands 16.8% of the global bitcoin trading volume, ranking it third behind BTC China and OKCoin.

BitVC has also released its mobile app for Android and iOS.