Liquid’s fee structure will be changing on March 31 at 12pm JST. The change will introduce a renewed fee structure that calculates a user’s trading fees based on the user’s previous 30-day trading volume on Liquid, with lower fees for higher-volume traders. 

Under the new fee structure makers will have lower trading fees compared to takers at higher trading volume levels. The new fee structure applies to all Liquid users apart from Japan residents. 

The previous high volume trader rebate will cease to exist upon the introduction of our updated fee structure. Instead, the entire trading fee structure has been designed to encompass and improve upon the benefits that were provided by the high volume rebate. 

With the introduction of the new fee structure all trading fees will be discounted at order execution, there will be no rebates.

The new fee structure

Please go here to view the current fee structure.

How the new fee structure will work

Liquid will maintain a calculation of a user’s previous 30-day volume which will be updated once every 24 hours at 11pm JST. The calculated figure will show in USD on the Liquid UI. 

Please note that fees will be charged at the time the order is matched, not when the order is created. This means that the associated trading fees could change from the time of order creation to execution. Liquid will reserve the maximum possible fee at order entry to cover all possible fee payments at order execution. 

API traders will be able to query their 30 day trade volume via API. 

What role does Qash play?

All users are still able to receive a 50% discount on trading fees by paying with Qash. To pay your trading fees with Qash you must have a Qash balance in your Liquid account and turn on the option to pay fees with Qash in your account settings.

How will the change be introduced?

Liquid’s new fee structure will be effective from 31st March 2020. Once the change is introduced the trading volume of existing users over the last 30 days will automatically be calculated and applied to the new updated fee structure. The Liquid UI will be updated to show your 30 day trading volume, but this change may follow a few days after the release of the new fee structure. 

How is the 30 day volume calculated?

Liquid will use your 30-day trading volume, calculated by taking the sum of a user’s daily volume over the last 30 days. This is updated once every 24 hours at 11pm JST. 

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