Gate.io Introduces Industry Leading Market Maker Rebates, Restructured Discount Tiers
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
Majuro, Marshall Islands, 25th July, 2022, Chainwire
Gate.io, one of the leading global cryptocurrency exchanges, recently announced an update to its VIP and Market Maker tiered rebate scheme. Market makers can now enjoy maker rates as low as -0.012% in the MM tiers and a 0% Maker fee in VIP tier levels 10 and higher. With the new changes, Gate.io now flexes the most competitive commission rate on the market.
The global exchange is taking aim at industry competitors by enhancing its VIP and MM tier systems and improving fee rates and rebates, offering greater flexibility and incentives for high-volume traders and institutional investors.
Gate.io’s VIP tiers offer a range of discounted rates to maker and taker fees on spot and futures trading. Previously, all users who got VIP tier by completing trading volume required various fixed amounts of GT (GateToken) holdings; this requirement has now been removed, and simply users' last 30-day trading volume needs to be evaluated.
GT holding holdings are now one of three options for VIP upgrades.
VIP users can choose one of three schemes to upgrade VIP levels: 30-day trading volume, total GT holdings, or total asset holdings value. VIP traders only need to meet the requirements of one scheme to upgrade. Furthermore, as previously mentioned, VIP levels 10 and up now have a 0% maker fee on spot and futures trading, and several futures taker fees have also been reduced. For institutional investors, the offerings get better with maker fees below 0%, going as low as -0.012%.
Launched earlier this month, its Market Maker Program aims to provide the industry’s best rebates to institutional
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