Gemini, the New York licensed bitcoin and ether exchange owned by the Winklevoss twins have this week announced a new Fee Schedule. The best taker fee for liquidity-taking trades will now be 10 bps (0.10%), on each of Gemini’s three order matching engines: BTC/USD, ETH/USD, and ETH/BTC and the best maker fee for liquidity-making trades will be 0 bps (0.00%).
Gemini’s market participants can achieve these favorable fee rates based on their 30-day trading volume. This new fee schedule will go into effect at midnight UTC, November 15, 2017 (7:00 pm ET, November 14, 2017), and then be applied to all trades going forward from that time. The company also said it will be removing the previous requirement related to maintaining a specific buy/sell ratio.
Below are tables and charts illustrating the updated Fee Schedule:
|Taker Fee||Maker Fee|
|≥ 1000||≥ 20,000||.23%||.20%|
|≥ 2000||≥ 40,000||.20%||.15%|
|≥ 3000||≥ 60,000||.15%||.10%|
|≥ 5000||≥ 100,000||.10%||0%|
To note, all trades executed in Gemini’s daily BTC/USD and ETH/USD auctions will be subject to the same liquidity-making fee schedule and will be included in a client’s 30-day trading volume used to determine the appropriate fee rates.