Dear BitMart User,
To minimize transaction costs, boost market liquidity, and refine the trading experience, BitMart upgraded its Spot Fee Rate System on November 29, 2023. This enhancement integrates user assets into a new spot fee system, meeting the needs of both platform Spot traders and BMX holders. It also improves the experience for platform holding users, offering loyal customers improved and diversified services while retaining Class-A/B/C trading pairs.
Please note: BitMart is currently offering a zero maker trading fees promotion for Class-A trading pairs. This promotion will end at 23:59 UTC on December 1st. After the promotion ends, maker trading fees for A-class trading pairs will return to the standard rates.
According to the platform's policy, we categorize trading pairs into three classes: A, B, and C. Each class has different tiered floating fee rates. For the specific list of trading pairs in each class, please refer to: https://www.bitmart.com/fee/en-US
Regarding the new Spot Fee Rate System, please note:
Total BMX balance
Includes main account assets (Spot, Margin, Fiat, and Earn). Assets borrowed for leverage and loans shall not be counted.
Total assets balance
BitMart will begin to take a snapshot of users' assets from different types of coins at 0:00 pm UTC every day and convert their value to USD. Snapshot assets include those available and frozen assets held in the spot account and exclude those locked due to risk control issues. Assets borrowed for leverage and loans shall not be counted.
30-Day Trading Volume
Automatically calculated daily at 00:00 UTC for the main account, excluding sub-accounts.
Fee Rate Levels
Users can avail the benefits of the highest level fee rate if spot trading volume, total assets balance and BMX balance meet different level conditions. For instance, if a user’s total BMX balance stands at 200,000(Lv5), total asset balance for the day at 0:00 pm UTC, stands at 100,000 USD(Lv7), 30-day spot trading volume stands at 5,000,000 USD(Lv8), and he/she is under the new rules, he/she will be able to avail Lv8 tier benefits across spot and margin market..
Daily Level Update
Users’ fee levels are automatically calculated daily at 00:00 UTC, with fee rates updated 10 minutes later. All levels can activate BMX deduction and enjoy a 25% fee discount. This daily snapshot of asset balances only affects users’ tiers for that day. A user’s tier for the next day can change if their asset balance or 30-day trading volume on that day qualifies them for a higher or lower tier. This calculation happens on a daily basis and users’ tiers stay the same or change accordingly.
If you represent an institutional client or API user, we are pleased to provide you with an enhanced fee rate along with the dedicated support of our specialized team. To initiate the application process, kindly reach out to us.
For any inquiries regarding this upgrade, please feel free to contact us in the official Telegram group or start the chat with our online customer support representatives.
November 30, 2023