Can you explain the fee structure for makers and takers on Coinbase Pro?
BluechipspaceDec 17, 2021 · 3 years ago3 answers
Could you provide a detailed explanation of the fee structure for makers and takers on Coinbase Pro? I would like to understand how the fees are calculated and how they differ for makers and takers.
3 answers
- Dec 17, 2021 · 3 years agoSure! On Coinbase Pro, makers and takers are charged different fees. Makers are users who provide liquidity to the order book by placing limit orders that are not immediately matched with existing orders. Takers are users who remove liquidity from the order book by placing market orders or limit orders that are immediately matched with existing orders. Makers are charged lower fees compared to takers as an incentive for providing liquidity. The fee structure on Coinbase Pro is based on a tiered system, where the fees decrease as the trading volume increases. You can find the detailed fee schedule on the Coinbase Pro website.
- Dec 17, 2021 · 3 years agoAbsolutely! When you place a limit order on Coinbase Pro that is not immediately matched with an existing order, you are considered a maker. Makers are charged a fee that ranges from 0% to 0.50%, depending on the trading volume. On the other hand, if you place a market order or a limit order that is immediately matched with an existing order, you are considered a taker. Takers are charged a fee that ranges from 0.04% to 0.50%, depending on the trading volume. It's important to note that the fee structure may vary for different cryptocurrencies and trading pairs on Coinbase Pro, so it's always a good idea to check the fee schedule for the specific asset you are trading.
- Dec 17, 2021 · 3 years agoOf course! The fee structure for makers and takers on Coinbase Pro is designed to incentivize liquidity provision and ensure a fair trading environment. Makers, who add liquidity to the order book, are rewarded with lower fees ranging from 0% to 0.50% based on their trading volume. Takers, who remove liquidity from the order book, are charged slightly higher fees ranging from 0.04% to 0.50% based on their trading volume. This fee structure encourages market makers to provide liquidity and helps maintain a healthy trading ecosystem. It's worth noting that Coinbase Pro periodically reviews and adjusts its fee structure to align with market conditions and ensure competitive pricing.
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