What is the meaning of taker and maker in the context of Binance?

3 answers

• Nov 28, 2021 · 3 years ago
  In the context of Binance, a taker refers to a trader who places an order that is immediately matched with an existing order on the order book. Takers are charged a trading fee for taking liquidity from the market. On the other hand, a maker refers to a trader who places an order that is not immediately matched with an existing order. Makers provide liquidity to the market and are rewarded with a trading fee rebate. The taker and maker fees incentivize traders to provide liquidity and maintain an active market on Binance.
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• Nov 28, 2021 · 3 years ago
  Taker and maker are terms commonly used in cryptocurrency trading. On Binance, a taker is someone who takes liquidity from the order book by placing an order that is immediately filled. Takers pay a fee for this service. A maker, on the other hand, is someone who adds liquidity to the order book by placing an order that is not immediately filled. Makers earn a fee rebate for providing liquidity. This system encourages traders to both take and make orders, ensuring a liquid and efficient market on Binance.
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• Nov 28, 2021 · 3 years ago
  When it comes to Binance, a taker is a trader who places an order that is executed immediately against an existing order. Takers are charged a fee for their trades. On the other hand, a maker is a trader who places an order that is not immediately executed and is added to the order book. Makers are rewarded with a fee rebate for providing liquidity to the market. Binance uses the taker and maker fee structure to incentivize traders to actively participate in the market and maintain a healthy trading environment.
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