Introduction of Market Maker Program
To recognize and incentivize users actively contributing to the liquidity of HashKey Exchange, HashKey Exchange officially launched the Market Maker program on 28/12/2023. HashKey Exchange Market Makers can enjoy -0.005%~-0.01% maker fee rates, more sub-accounts and higher API rate limit levels. For more details, please refer to the first part of the 'Market Maker Rules Explanation' in the detailed instructions below.
To apply to become a Market Maker, please click Announcement of HashKey Exchange Market Maker Program
for requirements and application methods. You can also send an email to the official MM email address (mm@hashkey.com)
or contact Sales/BD for inquiries.
Market Maker Rules Explanation
1. Market Maker Fee Table
|
Tier
|
Ranking Percentage* of Monthly Average Weighted Depth*
|
|
Monthly Maker Volume Ratio*
|
Maker Fee Rate*
|
|
Tier 1
|
TOP 20%
|
Or
|
2%
|
-0.01%
|
|
Tier 2
|
(20%, 50%]
|
Or
|
0.5%
|
-0.0075%
|
|
Tier 3
|
(50%, 75%]
|
Or
|
Maker Volume≥5M USD
|
-0.005%
|
During the trial period, HashKey Exchange Market Makers can directly obtain trial fees (to reward our market makers for their support of HashKey, HashKey Exchange Market Maker who gets onboard before August 31st, 2024, can enjoy the Tier 1 rate as their trial fee rate). After the trial period, Market Makers of HashKey Exchange can obtain the corresponding MM tier based on their ranking percentage of Monthly Average Weighted Depth which is weighted by the weights of different pairs and different layers, and Monthly Maker Volume Ratio and get the corresponding maker fee rates in the next month.
2. Others
-
Market-Making Currency and Market-Making Pair: Notifications regarding these will be communicated by the HashKey Exchange liquidity team via email or group notifications. Adjustments may be made by the HashKey Exchange liquidity team based on prevailing conditions, and the latest information on market-making currencies and pairs will be disseminated through announcements, emails, or group notifications.
-
Sub-account and API regulations: Please refer to Announcement on HashKey Exchange's management rules of sub-accounts and API Keys.
-
HashKey has the right to update these rules and may adjust on a monthly or shorter-term basis. Please pay attention to related announcements, emails, and group notifications in a timely manner to obtain the latest market maker rules.
The above is a brief summary of these rules. If you want to know more details, please contact the HashKey Exchange liquidity team or other official staff.
RISK WARNING ABOUT HSK
Please be aware that although HSK is not listed on HashKey Exchange, it is now listed and available for trading on several other exchanges. However, it may still be subject to various trading restrictions in accordance with applicable laws and regulations. These restrictions may include limiting HSK trading to individuals or entities who are "professional investors" as defined by the Hong Kong Securities and Futures Ordinance (SFO). There is also no guarantee of the continued listing status of HSK on any exchange. The trading of HSK may be suspended and HSK may be delisted due to reasons beyond HashKey Exchange and its affiliates’ control. The value of HSK remains subject to substantial risk and may diminish or fluctuate significantly in response to various market conditions and other factors beyond HashKey Exchange and its affiliates’ control. HashKey Exchange and its affiliates make no warranties, express or implied, in relation to HSK or any rewards and disclaim any liability relating thereto.
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