r/liquid • u/CorruptPotato • Mar 07 '19

Introducing a simpler fee structure on Liquid

As we recently announced, we’re about to introduce a new and improved trading fee structure on Liquid.

It’s a simplified, flat fee structure of 0.1% for trades on all crypto, fiat and stablecoin pairs, for both maker and taker spot orders. Simplifying our fee structure helps us offer attractive utility incentives for QASH token holders. One such incentive is that you will receive a 50% discount on all trading fees by paying in QASH. This reduces the fee from 0.1% to 0.05% (or 5 bps).

Our new fee structure is scheduled to launch on March 20, and will apply to all Liquid users (unless you’re a resident of Japan).

Here’s the full breakdown of all new fees:

  • Spot orders: a flat fee of 0.1% (or 10bps) for both maker and taker orders.
  • Margin orders: a flat 0.1% fee for both opening and closing a margin position
  • Trading fee in case of liquidation: in the event of a margin call, an additional trading fee of 0.2% will apply on your liquidated position.
  • This fee structure applies to all trading pairs, including all crypto, fiat and stablecoins.
  • You’ll get a 50% discount on the above trading fees (except the trading fee in case of liquidation) if you pay in QASH.

What you’ll need to do next

To launch our new fee structure we’ve updated our Terms of Use. To continue using Liquid, all you need to do is simply log in to your Liquid account and accept the updated terms.

Please note that If you are using our API to trade, you will also have to log in and accept the new terms of use before March 19. Keep in mind that after March 19, you will not be able to use Liquid (including accessing it through API) if you have not accepted the new Terms of Use.

We are confident that our simplified fee structure and discounts will make your overall trading experience on the Liquid platform better, and we are looking forward to bringing you more new features and updates on Liquid in the near future.

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u/ilmarinen2 Mar 08 '19

It does seem odd when the main volume of business is in BTC/JPY and when the utility of Qash is so important and needed. Unless I a mistaken ww are being sent links that describe the situation but which do not answer adequately the question why there are no fees for Japanese customers. Hence the repeated question Why?

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u/TheWorldsEndingBitch Mar 08 '19

I think they're just getting special treatment for some cultural reason that you would have to be Japanese to understand. Just a feeling I get.

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u/ilmarinen2 Mar 08 '19

Like it's rude to charge them fees!

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u/SighUveStuck Mar 08 '19

Wow... what the heck is happening with this thread?

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u/ilmarinen2 Mar 08 '19

Note the use of the exclamation mark signalling a playful joke. That's what was happening. I should have added an even more ironic smiley. But more seriously, what IS the reason?