Launch of Elimination Mechanism for Market Makers
To further optimize market liquidity, we plan to introduce an elimination mechanism into the Biget Liquidity Incentive Program, which will take effect on August 1, 2025 at 00:00 (UTC+8). The detailed arrangements are as follows:
Spot Market Maker
-
The following criteria will apply when assessing your market maker tier, and the highest applicable tier will be your tier after assessment.
| Spot market maker tier | Spot assessment rules-Before | Spot assessment rules-Updated | Spot fee rates | |||||
| Weighted spot maker volume (USDT) ranking | or | Spot market making score ranking | Weighted spot maker volume (USDT) ranking | Or | Spot market making score ranking | Maker | Taker | |
| Tier1 | ≤10% | ≤10% | ≤10% | ≤10% | -0.012% | Based on PRO/VIPTier | ||
| Tier2 | ≤30% | ≤30% | ≤30% | ≤30% | -0.010% | Based on PRO/VIPTier | ||
| Tier3 | ≤50% | ≤50% | ≤50% | ≤50% | -0.008% | Based on PRO/VIPTier | ||
| Tier4 | ≤70% | ≤70% | ≤70% | ≤70% | -0.005% | Based on PRO/VIPTier | ||
| Tier5 | ≤100% | ≤100% | ≤90% | ≤90% | 0.000% | Based on PRO/VIPTier | ||
| Revoke spot market maker | N/A | N/A | >90% | >90% | Based on PRO/VIPTier | Based on PRO/VIPTier | ||
Futures Market Maker
-
The following criteria will apply when assessing your market maker tier, and the highest applicable tier will be your tier after assessment.
| Futures market maker tier | Futures assessment rules-Before | Futures assessment rules-Updated | Futures fee rates | |||||
| Weighted futures maker volume (USDT) ranking | Or | Futures market making score ranking | Weighted futures maker volume (USDT) ranking | Or | Futures market making score ranking | Maker | Taker | |
| Tier1 | ≤10% | ≤10% | ≤10% | ≤10% | −0.0065% | Based on PRO/VIPTier | ||
| Tier2 | ≤30% | ≤30% | ≤30% | ≤30% | −0.005% | Based on PRO/VIPTier | ||
| Tier3 | ≤50% | ≤50% | ≤50% | ≤50% | −0.003% | Based on PRO/VIPTier | ||
| Tier4 | ≤70% | ≤70% | ≤70% | ≤70% | −0.001% | Based on PRO/VIPTier | ||
| Tier5 | ≤100% | ≤100% | ≤80% | ≤80% | 0.0000 | Based on PRO/VIPTier | ||
| Revoke futures market maker | N/A | N/A | >80% | >80% | Based on PRO/VIPTier | Based on PRO/VIPTier | ||
Elimination Process
-
First Month of Underperformance: If performance criteria are not met in the first month, the account will automatically enter an observation period the following month.
-
Two Consecutive Months of Underperformance: If performance criteria are not met for two consecutive months, the market maker status will be automatically revoked on the 1st day of the following month.
-
Disqualification: Once the market maker qualification is revoked, the account's maker fee rate will automatically revert to the corresponding PRO or VIP level.
-
Special Note: Spot and contract market maker programs are evaluated independently and do not affect each other.
Case Example
|
Market Maker
|
Tier in August
|
Ranking in August
|
Tier in September
|
Ranking in September
|
Tier in October
|
Maker Fee in October
|
Taker fee in October
|
|
UID A
|
Spot MM1
|
90%-100%
|
MM5
|
90%-100%
|
Revoke spot market maker
|
|
|
|
Futures MM3
|
80%-90%
|
MM5
|
90%-100%
|
Revoke futures market maker
|
|||
|
UID B
|
Spot MM2
|
40%-50%
|
MM3
|
80%-90%
|
MM5
|
MM Tier 5
|
|
|
Futures MM5
|
80%-90%
|
Revoke futures market maker
|
-
|
-
|
|||
|
UID C
|
Spot MM1
|
90%-100%
|
MM5
|
90%-100%
|
Revoke spot market maker
|
||
|
Futures MM1
|
80%-90%
|
MM5
|
20%-30%
|
MM2
|
MM Tier 2
|
If you have any questions or suggestions regarding the rules, please feel free to contact your account manager at any time. Thank you for your continued support and cooperation!
Contact us
-
Email: institution@bitget.com
-
Telegram:
-
APAC / MENA: @Shiyu_Wang, @Sia_liu
-
Europe/US: @yileiyilei ,@annie_pan,
-
Share
