CEX.IO, the London-based cryptocurrency exchange, has introduced a new feature to its fee schedule, its most recent innovation to encourage higher market liquidity and improve bitcoin trading. The new Maker-Taker fee schedule sets the maker fee to 0%.
The 0% maker fee is CEX.IO’s latest incentive to make bitcoin trading and commerce easier. Bitcoin gives everyone more flexibility with their money, and CEX.IO’s innovations in trading and withdrawing funds will encourage people to join the bitcoin economy, strengthening bitcoin’s future and making more people financially independent.
How It Works
Here is how it works. The maker places the trade order in the order book while the taker matches the maker’s order. Makers, in essence, create market liquidity. The longer they trade, the lower their fees in comparison to traders’ fees.
Takers, for their part, use market liquidity by matching makers’ orders, driving market movement and building a tighter market spread.
Read more ... source: TheBitcoinNews