CoinFLEX will be updating the fee structure on May 28th 2021, noon UTC. The reason for this change are:
- Higher maker rebate gives the upcoming AMM+ users a slightly higher maker rebates to juice their yield and compensate for the risk of possible impermanent loss (IL)
- Increase the FLEX holding requirements, so that prop trading firms that are looking to arbitrage the tight, attractive prices made by the AMM+ bots have to hold more FLEX.
- Enable 3 different ways to reach VIP Level 5-6 instead of just FLEX holding requirements allowing volume and % market share of maker volume options as well.
As always, the only way to get fee discounts is to pay in FLEX coin and trading without holding FLEX coin will incur VIP Level 0 fees.
Updated fees schedule:
Note: AMM+ activities will all be under VIP Level 6. This will not change a user’s normal (non AMM) trading fees to VIP Level 6. Volumes traded via the AMM products will count towards 30 Day volume levels as long as the AMM NFT is in your CoinFLEX account.
Meanwhile CoinFLEX be changing the USDT/USDC specific fees in the next few weeks (we will announce shortly before the day) to the fees below. Until then the USDT/USDC markets have the same fee pairs as all other markets.:
The updated fee structure is aimed at increasing the utility for FLEX coin and eventually benefit the FLEX hodlers.
For benefits of holding FLEX, please refer to https://coinflex.com/flex.
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