CEX.IO have announced that shortly, a Maker-Taker model will be launched on their website. Within the new fee schedule, maker fee will be set to 0%. This will be a major improvement to encourage even higher liquidity across CEX.IO markets.
What is maker-taker model?
If we take a closer look at the order execution, we can see that each trade involves two parties: the maker, who places the order in the order book, and the taker, who "takes" or matches the maker's order. In a nutshell, makers create liquidity on the market. Takers, use liquidity from the market by matching makers' orders.
How does it work on CEX.IO?
The new fee structure on CEX.IO will imply 0% trade fee for makers and standard 0.2% fee for takers on all trade pairs. Special trade conditions are discussable for high-volume traders.
Important API updates
Please note that fields of the following API functions will be shortly updated: get-order, archived-orders, get_order_tx, get_myfee. For details, please track changes of API documentation.
