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What’s the difference between Maker and Taker?
What’s the difference between Maker and Taker?
Updated over a week ago

The maker-taker structure distinguishes fee differences between orders that supply liquidity, referred to as "maker orders", and those that remove liquidity, known as "taker orders".

Understanding the "Maker's" Role in Trading

If you've placed an order that wasn't immediately fulfilled, letting it linger on our order book (common with Limit orders), you've acted as a "Maker." By doing so, you're adding liquidity to the market. Should only a portion of your order be executed immediately, that part attracts the "Taker", while the residual part of your order that stays on the order book is subjected to a "Maker".

The "Taker's" Immediate Impact on the Market

Conversely, if you've ever placed an order that gets filled instantly, like with our Market Orders, you've stepped into the shoes of a "Taker." These orders pull liquidity from our order book. It's this removal of liquidity that has earned the term "Taker."

How much are Maker vs. Taker Fees?

As of now, the fees for Maker and Taker transactions are the same. Your trading fees are determined by your trading volume over the past 30 days and are recalculated daily at 00:00 UTC. Updates to the user's trade level and fee rates are made daily at 02:00 UTC, following the table listed here.

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