Accounts & Fees

  • Where are my account funds held?

    • The Company plans to partner with traditional banks to ensure safe and secure custody and management of collateral.

  • What types of collateral are accepted?

    • At inception, accounts would be funded with USD. The exchange also plans to accept crypto equivalents of USD (e.g. USDC) for instant collateral transfer on a 24/7 basis. Regardless of the type of collateral used, all contracts will be denominated in USD.

  • What are the fees for trading?

    • The exchange will implement a Maker-Taker fee model, rewarding liquidity providers and balancing market depth. A Taker Fee will be applied to trades who remove liquidity from the order book. Trades who add liquidity by resting limit orders will be charged a Maker Fee.

  • Are there volume based incentives for fees?

    • Yes, a tiered fee system will be introduced to incentivize high-volume traders

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