05 Aug New Commission Structure
We have decided to unify our BTC and LTC trading fee schedules into one universal tier structure based upon overall USD value traded in the last 30 days. We have also added additional tiers that reduce the taker rate. This new system will allow traders to get the benefit of their BTC volume when trading LTC and vice versa. Because we are anchoring the tiers to the USD value traded, our customers will find it easier to maintain their tier in fluctuating markets, most notably saving money over the old system in the event of a future price rise. The new rates are as follows:
|USD Value Executed in Last 30 Days||Maker Fee||Taker Fee|
|From $500,000 to $999,999||0.08%||0.20%|
|From $1,000,000 to $2,499,999||0.06%||0.20%|
|From $2,500,000 to $4,999,999||0.04%||0.20%|
|From $5,000,000 to $7,499,999||0.02%||0.20%|
|From $7,500,000 to $9,999,999||0.00%||0.20%|
|From $10,000,000 to $14,999,999||0.00%||0.18%|
|From $15,000,000 to $19,999,999||0.00%||0.16%|
|From $20,000,000 to $24,999,999||0.00%||0.14%|
|From $25,000,000 to $29,999,999||0.00%||0.12%|
Please note that customer tiers are determined on an hourly basis. In the case of the LTC/BTC trading pair, the USD equivalent will be based upon the BTC/USD VWAP (Volume Weighted Average Price) for the day the trading occurred.
This new fee schedule will go into effect on Monday, August 17th at 00:00:00 UTC. We understand that a significant change in our fee methodology will affect some users more than others. As such, we have tried to minimize the overall impact on our traders while still meeting our objective of moving to a unified, USD-based fee schedule that remains very competitive in the marketplace.
Once again, we wish to thank all of our customers for their continued loyalty, which has made Bitfinex the number one platform for BTC/USD liquidity in the world. We look forward to serving the community’s ongoing trading needs as we continue to update and improve our trading platform. As always, we welcome your feedback.