How does FTX US calculate its trading fees?
kimberlyjznewmanevDec 18, 2021 · 3 years ago3 answers
Can you explain the process of how FTX US calculates its trading fees? I'm curious to know how they determine the fees for different types of trades and if there are any factors that can affect the fee structure.
3 answers
- Dec 18, 2021 · 3 years agoSure! FTX US calculates its trading fees based on a tiered fee structure. The fees are determined by the trading volume of the user over a 30-day period. The more you trade, the lower the fees you pay. This incentivizes high-volume traders to use the platform. Additionally, FTX US offers reduced fees for market makers, who provide liquidity to the platform. The fee structure is transparent and can be found on the FTX US website. Factors that can affect the fee structure include the user's trading volume, whether they are a market maker or taker, and any promotions or discounts that may be offered.
- Dec 18, 2021 · 3 years agoFTX US calculates its trading fees using a maker-taker model. Market makers, who provide liquidity to the platform, are charged lower fees compared to market takers, who remove liquidity from the platform. The fees are based on the user's trading volume over a 30-day period. The more you trade, the lower the fees you pay. FTX US also offers additional fee discounts for users who hold FTT, the native token of the FTX exchange. These discounts can further reduce the trading fees for eligible users. It's important to note that the fee structure may be subject to change, so it's always a good idea to check the FTX US website for the most up-to-date information.
- Dec 18, 2021 · 3 years agoFTX US, a leading cryptocurrency exchange, calculates its trading fees using a transparent and competitive fee structure. The fees are based on a tiered system, where the trading volume of the user determines the fee percentage. The more you trade, the lower the fee percentage you pay. This encourages active trading and rewards high-volume traders. FTX US also offers fee discounts for market makers, who provide liquidity to the platform. These discounts can further reduce the trading fees for eligible users. It's worth noting that FTX US is not the only exchange that offers tiered fee structures and fee discounts for market makers. Other exchanges, such as Binance and Coinbase, also have similar fee models.
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