What commissions do Geco.one charge in derivative trading?
There are hundreds of various entities on the cryptocurrency market that offer the possibility of trading cryptocurrencies. When trading cryptocurrencies with the help of exchanges, it is necessary to pay fees for transactions.
Maker and taker commissions apply to an order book that exists on many exchanges. An example of a derivatives exchange with an order book is BitMEX. However, some exchanges give up this solution favouring an external liquidity provider. This helpful solution allows us to avoid dangerous price slips - we are sure that our order will be closed at the price we have set.
The exchange that does not have an order book and a maker and taker commission is the Geco.one cryptocurrency derivatives exchange. Instead of a maker and taker fee, there are fees for opening and closing positions. In both cases, we deal with a commission of 0.03%, and a Settlement Fee is charged every 8 hours for maintaining a position - this fee is only 0.01%. Notably - the rate is the same for all instruments.
Do you want even lower fees? No problem. Geco.one allows you to lower your expenses with your GEC token. A monthly subscription paid in GEC token reduces the commission for opening and closing a position by 20% - from 0.03% to 0.024%.
Geco.one is an intuitive cryptocurrency derivatives exchange that will allow you to trade with lowest fees. It is also safe since your funds are secured by Bitgo - the leader in digital asset financial services, providing liquidity, custody, and security.
