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

Huobi’s US dollar-based bitcoin exchange, BitYes, has implemented a maker-taker fee model in a bid to boost volumes and liquidity. Fees

Huobi’s US dollar-based bitcoin exchange, BitYes, has implemented a maker-taker fee model in a bid to boost volumes and liquidity.

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.

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Also until March 31, all deposit fees are waived.

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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.

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