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Home » Announcements »  New Trading Fees/Maker Taker Promotion Ends 23/11/14 Add New Post

 New Trading Fees/Maker Taker Promotion Ends 23/11/14

damianoloan published on OKCoin Announcements Announcements 2014-11-22 23:15 10696
OKCoin’s Maker Taker promotion will come to an end on 23 November, 2014. From 24 November 00:00 (GMT+8), will return to a standard fee model:

Spot market: Trading fees will range from 0.1 - 0.2%, according to member reward points.

Futures market: Trading fees for opening a contract will be fixed at 0.03%; closing a contract will be fee-free.

According to user feedback, we’re also going to be rolling out the following changes to improve your trading experience:

1. After delivery of futures contracts BTC1226 and LTC1226, we’ll no longer be running the monthly contract. Weekly, biweekly and quarterly contracts will continue as normal.

2. To reduce the number of potential clawbacks, biweekly contracts will no longer undergo weekly settlement. There will now only be one chance of potential clawbacks during biweekly contract delivery. The first contracts to adopt this change will be BTC1203 and LTC1203. Quarterly contracts will still undergo weekly settlement.

3. OKCoin has introduced a new Clawback Fund. Each settlement period, if losses are made (due to forced liquidation orders not being completed) OKCoin will cover the first 100BTC of clawbacks. Only when the total amount of clawbacks exceeds 100BTC will the remaining part of the losses be shared amongst users. The Clawback Fund will be continuously topped up to ensure that 100BTC are available each week. Next week we will also be introducing an LTC Clawback Fund of 1000LTC.

For this week’s settlement details, please see the table below:

We’re working hard to improve our compliance and business transparency. We will launch a new feature soon allowing users to view non-completed forced liquidation orders.

Thank you for using OKCoin



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