BitMEX, a prominent crypto exchange, has announced a significant upgrade to its Spot trading fee structure, which includes a 50% reduction in fees and the introduction of rebates up to 0.015%. This new model is designed to offer enhanced rewards to traders and provide community support in the aftermath of recent market volatility, positioning BitMEX with one of the most competitive fee structures in the industry.
Trading fees are a critical factor in a trader's profitability, directly impacting the returns on every transaction. By fundamentally lowering the cost of trading, BitMEX aims to maximize efficiency and profitability for all its users, from novice traders to large-scale institutional clients.
New Fee Structure Details
The new fee structure, effective immediately, introduces several transformative changes:
- •Spot Fees Reduced by 50% for All Users: Standard Maker and Taker fees have been reduced from 0.1000% to 0.0500%. This adjustment provides all regular users with highly competitive rates that were previously exclusive to top-tier VIP clients.
- •'Get Paid to Trade' with Maker Rebates: All VIP traders will now receive maker rebates for contributing liquidity to the platform. This program offers rebates of up to -0.0150%, meaning BitMEX will now compensate its highest-volume market makers for trading on the platform.
- •Immediate Support for the Trading Community: This initiative was launched in direct response to recent historic market volatility. It is specifically designed to offer immediate relief and support, assisting traders in accelerating their recovery and maximizing future opportunities.
Executive Statement
"In the wake of unprecedented market events, our priority is to provide tangible support to our trading community," said Stephan Lutz, CEO of BitMEX. "This new fee structure is a fundamental shift to reward every trader on our platform. By offering some of the lowest fees and highest rebates in the industry, we are reaffirming our commitment to making BitMEX the most efficient and profitable exchange for spot trading."
About BitMEX
BitMEX is recognized as the original crypto derivatives exchange, offering professional crypto traders a platform tailored to their needs with low latency, deep crypto-native liquidity, and unparalleled reliability.
Since its inception, BitMEX has maintained a strong security record, with no cryptocurrency lost through intrusion or hacking. This ensures users can trade with confidence, knowing their funds are secure and that they have access to the necessary products and tools for profitability.
BitMEX was also among the pioneering exchanges to publish its on-chain Proof of Reserves and Proof of Liabilities data. The exchange continues to release this data bi-weekly, providing assurance of the safe storage and segregation of entrusted funds.