Bitcoin exchange Kraken has announced it is moving to a “maker taker” model and reducing trading fees.
A “maker taker” model is an exchange pricing system that gives a transaction rebate to market makers providing liquidity while charging a transaction fee to customers who take liquidity out of the market.
Great news – Kraken is reducing trade fees and moving to a maker taker model! This change comes by popular demand, since many clients have told us they would like to see a maker taker model with reduced fees overall. We have also simplified the fee structure with fewer tiers than before.
The benefits of the maker taker model include more liquidity and tighter spreads.
Kraken’s new trading fees, which will become active on August 1st, include a “maker” fee that goes as low as 0% and up to 0.16% depending on the amount of the trade, and a taker fee goes as low as 0.10% and up to 0.26% depending on the amount you trade.
Our crytpo-crypto pairs also have a new maker taker structure with reduced overall fees. Note that the fees for the dark pool have also changed but do not follow a maker taker model, since the maker taker model is only advantageous when you can view the order book.