As a next step in improving and bringing more liquidity to our exchange, we’re introducing a Market Maker program and inviting top liquidity providers to join.
With the Poloniex Market Maker program, Market Makers can enjoy benefits such as rebates on maker fees, the lowest taker fees, higher API and withdrawal limits, a dedicated Poloniex Account Manager, priority tech support, and early access to new and premium features.
How Does The Poloniex Market Maker Program Work?
Market Makers will be assigned dedicated markets and given a set of criteria to deliver on. To be eligible for the Poloniex Market Maker program, customers will be expected to have a 30-day trading volume of at least $10M and earn at least 12 points each month. The number of points you can earn per pair is dependent on the pair’s trading pair group.
To earn points on your dedicated pairs, your performance will be evaluated monthly using the following criteria:
- Bid/Ask spread
- Minimum order size
“Bid/Ask Spread” is the required quote difference that a Market Maker must fulfill on each market and maintain between their highest bids and lowest asks. The spread is a percentage (bps) that is calculated using the following formula:
Spread (in %) = (Lowest Ask - Highest Bid) / [(Lowest Ask + Highest Bid) / 2]
“Minimum order size” is the volume of all orders a Market Maker has within the required bid/ask spread. The size must be fulfilled for both sides (bid and ask) of the book.
“Uptime” refers to a guaranteed amount of time during a designated period where a Market Maker fulfills all of their requirements, particularly maintaining the minimum order size and bid/ask spread. Fail-safes for uptime are not considered to be guaranteed time.
Not ready to be a Market Maker? Check out our new VIP program, Poloniex Plus.