HTX to Update Assessment Mechanism and Fee Rates for Market Makers
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Dear HTX Market Makers:
To better serve our users and improve market liquidity, HTX is planning to update the assessment mechanism and fee rates for market makers at 6:00 (UTC) on February 1, 2023. We advise you to prepare in advance for the following changes:
Market Maker Fee Rates Adjustment (1 bps = 0.01%)
| Tier |
Spots Maker Fee Rate/bps |
USDT-M Maker Fee Rate/bps |
Coin-M Maker Fee Rate/bps |
||
| Before Update |
After Update |
Before Update |
After Update |
Unchanged |
|
| Tier S |
-1.00 |
-1.00 |
-1.50 |
-1.50 |
-2.00 |
| Tier 1 |
-0.50 |
-0.80 |
-1.00 |
-1.25 |
-1.50 |
| Tier 2 |
-0.25 |
-0.50 |
-0.50 |
-1.00 |
-1.00 |
For Spot Makers:
The better of the following 2 indicators of a market maker will be used for its performance assessment and determine the maintenance, upgrade, or downgrade of its tier level.
| Tier |
Monthly weighted maker trading volume ranking |
Or |
Proportion of current month's maker volume |
| Tier S |
[0, 30%] |
/ |
≥ 1% |
| Tier 1 |
(30%, 70%] |
/ |
[0.5, 1%) |
| Tier 2 |
(70%, 100%] |
/ |
- |
For USDT-Margined Makers:
The best of the following 3 indicators of a market maker will be used for its performance assessment and determine the maintenance, upgrade, or downgrade of its tier level.
| Tier |
Ranking Requirement (Monthly weighted maker trading volume) |
Or |
Ranking Requirement (Monthly weighted depth) |
Or |
Percentage of Maker Trading Volume One-way share against platform total |
| Tier S |
[0, 20%] |
/ |
Top 15% |
/ |
≥ 1% |
| Tier 1 |
(20%, 47%] |
/ |
(15%, 35%] |
/ |
[0.2%, 1%) |
| Tier 2 |
(47%, 100%] |
/ |
(35%, 100%] |
/ |
[0.02%, 0.2%) |
For Coin-Margined Makers:
The best of the following 3 indicators of a market maker will be used for its performance assessment and determine the maintenance, upgrade, or downgrade of its tier level.
| Tier |
Ranking Requirement (Monthly weighted maker trading volume) |
Or |
Ranking Requirement (Monthly weighted depth) |
Or |
Percentage of Maker Trading Volume One-way share against platform total |
| Tier S |
[0, 30%] |
/ |
Top 35% |
/ |
≥ 1% |
| Tier 1 |
(30%, 75%] |
/ |
(35%, 80%] |
/ |
[0.2%, 1%) |
| Tier 2 |
(75%, 100%] |
/ |
(80%, 100%] |
/ |
[0.02%, 0.2%) |
Elimination
Market makers will be disqualified if both the monthly weighted maker trading volume and the monthly weighted depth are less than 1,000,000 USDT / Calendar month during the assessment period.
Futures API Frequency Limit (Number of Visits Every 3 Seconds)
| Tier |
Before Update |
After Update |
| S |
960 |
960 |
| 1 |
840 |
840 |
| 2 |
264 |
720 |
How to Become a Market Maker
Apply to become a market maker by sending an email to [email protected] or contacting your account manager.
- A HTX account holding at least 200,000 HT or a total asset of 2 million USDT can enjoy the Tier S preferential policy as a market maker and enjoy Prime 11 preferential fees.
- A HTX account holding at least 100,000 HT or a total asset of 2 million USDT can enjoy the Tier 1 preferential policy as a market maker and enjoy Prime 10 preferential fees.
- A HTX account can enjoy the Tier 2 preferential policy as a market maker if it holds an asset equivalent to 5 BTC in spot account or equivalent to 3 BTC in Futures account.
Welcoming Events for New Market Makers
HTX Offers 1 bps USDD Rebates for Incremental USDT-M Perpetual Futures Trades by Market Makers
Thank you for your support!
HTX
January 20, 2023
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HTX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and HTX makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on HTX. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.
