Gate.io Launches Market Maker Rebates and Restructured Discount Tiers
Chainwire, Majuro, Marshall Islands, July 25th, 2022
Gate.io, one of the world's leading cryptocurrency exchanges, recently updated its VIP and Market Maker tiered rebate scheme. Maker rates in the MM tiers are now as low as -0.012 percent, with a 0 percent Maker fee in VIP tier levels 10 and higher. With the new changes, Gate.io now offers the market's most competitive commission rate.
By improving its VIP and MM tier systems, as well as fee rates and rebates, the global exchange is taking aim at industry competitors, offering greater flexibility and incentives for high-volume traders and institutional investors.
increased adaptability
Gate.io's VIP tiers provide a variety of discounts on maker and taker fees for spot and futures trading. Previously, all users who achieved the VIP tier by completing trading volume were required to hold various fixed amounts of GT (GateToken); this requirement has now been removed, and users' last 30-day trading volume is all that is required.
GT holdings are now one of three VIP upgrade options.
VIP users can upgrade their VIP levels using one of three schemes: 30-day trading volume, total GT holdings, or total asset holdings value. To upgrade, VIP traders only need to meet the requirements of one scheme. In addition, as previously stated, VIP levels 10 and above now have a 0% maker fee on spot and futures trading, and several futures taker fees have been reduced. For institutional investors, the offerings improve with maker fees that are less than 0%, sometimes as low as -0.012 percent.
Best rates in the industry for institutional investors
Its Market Maker Program, which was launched earlier this month, aims to provide the best rebates in the industry to institutional investors of all types. Investors can now take advantage of spot market maker fees as low as -0.012 percent and futures market fees as low as -0.01 percent thanks to the new MM tier update. In addition, new market makers will now be paired with matching VIP and MM levels, inheriting the taker fee rate from their VIP levels.
"Market makers play a vital role in the markets, providing liquidity and stimulating growth," said Elin, Head of Gate Institutional. Our institutional services are tailored to their significance. We are confident that global market makers will receive the best service and most competitive offerings on Gate.io. We are constantly looking for new ways to improve our services in order to attract new investors."
The platform is currently running a USD 2,000,000 competition for market makers, and investors who switch from another exchange to Gate.io and provide volume proof are offered an immediate tier upgrade.
Unrivaled levels of service
Gate Institutional, Gate.io's institutional investor services arm, focuses on building strong relationships with clients, assisting them in optimizing their strategies, managing risks, and reaping the benefits of Gate.io's competitive offerings. Clients can use Gate Institutional to get high-frequency and low-latency server hosting, discounts through the VIP and MM tier systems, leverage up to 100x, and secure funding and loans.
Gate.io Overview
Gate.io is a leading cryptocurrency exchange that was founded in 2013. Gate.io provides the majority of the leading digital assets and has over 10 million registered users worldwide. It is consistently ranked as one of the top ten cryptocurrency exchanges on CoinGecko in terms of liquidity and trading volume, and it has been verified by the Blockchain Transparency Institute (BTI). Gate.io has also received a 4.5 rating from Forbes Advisor, making it one of the Best Crypto Exchanges for 2021. Aside from the main exchange, Gate.io also provides decentralized finance, research and analytics, venture capital investments, wallet services, and other services.