Coinlist Will Waive All Market Maker Fees For The Next 3 Months To Enhance Liquidity

Key Points:

• Coinlist is going big with a program to waive all market maker fees for the next 3 months.
• The program’s purpose is to encourage market makers to participate to improve market liquidity.
• To ensure that pairs with less liquidity receive interest, the platform has implemented a discount factor based on the trading portfolio.

CoinList has launched a market maker incentive scheme to improve the liquidity of the spot market on CoinList Pro. All market maker fees will be waived for the next 3 months for all qualified market makers on the platform.

In addition, the top 5 traders receive a 0.05% discount on pending order placement fees based on the 30-day average execution volume.

To ensure that less liquid currency pairs get the attention they deserve, CoinList implements a discount factor based on trading categories.

• Tier 1 (1x multiplier): BTC, ETH
• Tier 2 (2x multiplier): MATIC, SOL, DOGE, SUI, AVAX, LINK, DOT, FIL
• Tier 3 (3x multiplier): AAVE, ALGO, ICP, FLOW, STX, ROSE, OCEAN, IMX, MKR, XTZ, MINA, CELO, GAL, COMP, T, SKL, CSPR, BICO, CLV, BLD, OXT, BTRST, NYM, VEGA, GODS, CUSD, HMT, GOG, CQT, BZZ, WCFG, UNI, EFI, CYBER, NEON, CFG, WAXL

At the beginning of each month, rebates will be distributed to the top 5 USDC market makers based on the previous month’s volume of trades.

The crypto market has recently experienced a notable downturn, with total market capitalization falling by 10% between August 14 and August 23, reaching its lowest level in more than two months at $1.04 trillion. Therefore, Coinlist’s incentive program can bring a lot of motivation to traders during this dismal time.

Coinlist is a large, reputable fundraising platform that regularly lists high-quality projects. Most of the token sales supported by Coinlist are Blockchain Layer-1 projects that are assessed to have strong growth potential. After extremely successful token sales such as Solana, Near, Flow,… the platform’s reputation is further confirmed and trusted by users.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.