Market Maker Discount

How to apply for market making?

If your account is ID verified with over 5,000,000 USD worth of trading volume in the last 30 days, you may apply for Market Making.

1. You can update MM Lv when your MM credit or trading volume (Last 30 days) meet the requirements after becoming a Market Maker on CoinEx.

2. Based on the snapshots result of MM credit or trading volume (Last 30 days) calculated at 16:00 (UTC), all MM Level will be updated at 17:00 (UTC) on a daily basis.

3. The market making fees discount is applicable on top of discount using CET as fees.

Note: Once approved as Market maker, your VIP privileges will NOT be available.

Apply for Market Making: https://www.coinex.com/my/info/level

What about the fee discount for CoinEx Market Maker? 

* The table above is subject to adjustments based on the market.

What is MM Credit and what is it for?

Market Making credits are used to make assessments of the orders placed by CoinEx Market Makers. Periodically, CoinEx take snapshots of all trading pairs to see if the bid/ask price set by the Market Maker falls within the valid interval. Based on the bid/ask prices, the credits can be calculated and allocated to the Market Makers.

Market making rules：https://support.coinex.com/hc/articles/360023885234 

Is Market Maker fee discount applicable on top of discount using CET as fees? If so, what coin will you charge as fees?

Yes, the market making fees discount is applicable on top of discount using CET as fees.

For instance:

At Marketing Making Lv5, your fee discount is: Taker 0.01%, Maker 0%. 

If your transaction fee for taker is 1 BCH, your actual tx fee will be: 1 BCH * 0.1 = 0.1 BCH 

Combined with the discount of using CET as fees, if the real-time rate of CET against 1 BCH is 5,000 CET, your final fee will be: 0.1 BCH * 50% * 5,000 CET/BCH = 250 CET