Fees

What Do "Maker" and "Taker" Mean?

"Maker" and "taker" are terms commonly used in trading and financial markets to describe different types of participants.

1. Maker: A maker is someone who places an order to buy or sell an asset at a specific price that is not currently available on the market. Makers typically add liquidity to the market by placing limit orders (orders to buy or sell at a specific price or better). Makers often wait for their orders to be filled by other participants.

2. Taker: A taker, on the other hand, is someone who places an order that matches an existing order on the market, thereby removing liquidity. Takers execute their orders immediately at the prevailing market price. They take liquidity from the market by executing market orders or by placing orders that match existing limit orders.

In many trading platforms, there may be different fee structures for makers and takers. Makers might receive rebates or lower fees because they contribute liquidity to the market, while takers typically pay higher fees for taking liquidity from the market.

Taker/market : 0.06%

Maker / limit : 0.045%