How do maker and taker fees affect liquidity in the cryptocurrency market?
Ad9_mi_LDRDMp3nFCZLDRZSICJan 24, 2021 · 4 years ago1 answers
Can you explain how maker and taker fees impact the liquidity in the cryptocurrency market? How do these fees affect the trading volume and order book depth?
1 answers
- hrishix6Jul 14, 2024 · a year agoAt BYDFi, we understand the importance of maker and taker fees in maintaining liquidity in the cryptocurrency market. Our fee structure is designed to incentivize market makers to provide liquidity by offering lower maker fees. This encourages a healthy order book depth and ensures that traders have sufficient liquidity to execute their orders. We believe that a balanced fee structure is essential for a vibrant and liquid market.
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