Seed CX, an institutional infrastructure for bitcoin and digital assets, today announced that it has amended the Seed Digital Commodities Market (SCXM) Fee Schedule to decrease trading expenses.
The reason for these changes is to simplify fees for participants and continue to encourage a healthy market. These changes will take effect on September 8th, 2019.
New Fee Schedule:
All rates in basis points of notional.
| Participant Type | Maker Fee (bp) | Taker Fee (bp) |
| All Participants | -1 | 4 |
| DMM Program | -4 | 4 |
Seed CX, through its subsidiaries, offers an institutional digital asset exchange for spot trading, and plans to offer a separate market for CFTC-regulated derivatives overlaying digital assets. Seed CX and its subsidiaries hold the following licenses: Swap Execution Facility (CFTC), Introducing Broker (NFA), Money Services Business (FinCEN), and Money Transmitter (two dozen states, including Delaware, Illinois and Connecticut), and it has recently received a BitLicense with NYDFS.