We are performing maintenance on our system on February 4th, 2021 to introduce a new reduced fee model.
What is the Purpose & How Will it Affect Users?
We will be doing maintenance on our system on February 4th, 2021 at 6:00 pm CET. Our system will be out of service for approximately 5 hours. All exchange services, including trading, funding, deposits, and withdrawals, will be temporarily disabled. The maintenance aims to make changes to the Maker and Taker fee structure. We are significantly reducing fees, and the discounts for SOLO holders still apply.
What Changes are Being Made to the Fees?
See the table below for the new fee structure.
What is the Maker/Taker fee model?
Taker Trades
A Taker trade is when you place an order that trades immediately, by filling partially or fully, before going on the order book. Trades from Market orders are always Takers. These trades are “taking” volume off the order book, and therefore called the “Taker.”
Maker Trades
A Maker trade is when you place an order that goes on the order book by filling partially or entirely (e.g., limit order), and any subsequent transactions coming from that order is called a “Maker.”
Partial Orders
If an order is filled partially and immediately, the portion that is filled is a Taker, and the rest are Makers. The respective fees will apply.
Discounts for when a fee is paid with SOLO remain the same.
What are the SOLO Discounts?
Please see the table below for SOLO discounts.
Tier Model
The Maker and Taker fee model will be tiered, along with SOLO holdings.
Different tiers are automatically calculated by the system depending on the User’s Total Trading Volume (in USD). The total traded volume from all markets will be summarized for the past 30 days, with recalculation happening at 00:00 AM each day.
It is important to note that it may take some time for the system to recalculate the trading volume.
How can I stay up to date on the maintenance?
Follow us on Twitter for updates and an announcement when the upgrade is complete. Do not hesitate to reach our support team at support247@coinfield.com if you have any questions.