{"id":534251,"date":"2024-04-26T16:27:22","date_gmt":"2024-04-26T14:27:22","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=534251"},"modified":"2024-04-26T16:29:17","modified_gmt":"2024-04-26T14:29:17","slug":"big-valr-fee-changes-coming","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/cryptocurrency\/534251-big-valr-fee-changes-coming.html","title":{"rendered":"Big VALR fee changes coming"},"content":{"rendered":"

South African cryptocurrency exchange VALR has announced<\/a> <\/strong>it will no longer pay commissions to market makers on several transaction types from 1 May 2024.<\/p>\n

It is also increasing taker fees on spot crypto-to-crypto transactions, while decreasing fees on other transactions.<\/p>\n

Headquartered in Johannesburg, VALR is South Africa’s largest exchange based on trading volume.<\/p>\n

For exchanges to generate revenue, they take a percentage on every transaction.<\/p>\n

Some offer differentiated fees for market makers and market takers.<\/p>\n

Makers are users who inject liquidity into the market by offering cryptocurrency or other assets for sale at a specific price or by offering to buy it at a particular price.<\/p>\n

This is called bidding and asking.<\/p>\n

When a user bids, they specify the highest price they are willing to pay for an asset, whereas an ask specifies the lowest price they are willing to sell it for.<\/p>\n

Market takers are users who complete the transaction the bidder or asker initiated.<\/p>\n

They sell the asset at the specified price to the bidder or buy the asset at the specified price from the asker.<\/p>\n

Some crypto exchanges charge symmetric fees to makers and takers.<\/p>\n

For example, Binance charges a 0.1% fee to both the maker and taker for transactions below $1 million. Fees become asymmetric above that amount.<\/p>\n

To incentivise liquidity providers, VALR has been paying market makers who use its Pro Trading platform a portion of the taker fee it collects.<\/p>\n

From 1 May, only fiat pairs will still have market maker rebates. Fiat pairs refer to trading fiat currencies for digital assets, such as bitcoins for rands or vice versa.<\/p>\n

The rest of the Pro Trading options will reduce the maker’s commission to zero and adjust the taker’s fee.<\/p>\n

These include spot crypto-to-crypto pairs, such as ETH\/BTC, perpetual future pairs, and USD-based stablecoin to USD-based stablecoin pairs.<\/p>\n

These are the only transaction types that will see a change in fees.<\/p>\n

The exchange’s deposit, withdrawal, instant buy, auto buy, and VALR Pay fees remain unchanged.<\/p>\n

The table below shows the changes in VALR’s fees on its Pro Trading platform.<\/p>\n

\n
\n\n\n\n\n\n\n\n\n
Trading option<\/strong><\/td>\nCurrent fees<\/strong><\/td>\nFees as of 1 May 2024<\/b><\/td>\n<\/tr>\n
Maker<\/td>\nTaker<\/td>\nMaker<\/td>\nTaker<\/td>\n<\/tr>\n
All fiat pairs<\/span><\/p>\n

(e.g., BTC\/ZAR)<\/span><\/td>\n

-0.01% (paid to the user)<\/span><\/td>\n0.1%<\/span><\/td>\n-0.01% (paid to the user)<\/span><\/td>\n0.1%<\/span><\/td>\n<\/tr>\n
Spot crypto-to-crypto pairs<\/span><\/p>\n

(e.g., BTC\/USDC, BTC\/USDT, ETH\/BTC)<\/span><\/td>\n

-0.01%<\/span><\/td>\n0.03%<\/span><\/td>\n0%<\/span><\/td>\n0.05%<\/span><\/td>\n<\/tr>\n
Perpetual future\u00a0 pairs<\/span><\/p>\n

\u00a0(e.g., BTCZARPERP<\/span><\/td>\n

-0.01%<\/span><\/td>\n0.05%<\/span><\/td>\n0%<\/span><\/td>\n0.04%<\/span><\/td>\n<\/tr>\n
USD stable-to-USD stable<\/span><\/p>\n

(e.g., USDT\/USDC)<\/span><\/td>\n

-0.01%<\/span><\/td>\n0.03%<\/span><\/td>\n0%<\/span><\/td>\n0.01%<\/span><\/td>\n<\/tr>\n
A negative percentage indicates a commission paid to the user.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The exchange has announced that it will no longer be offering rebates for market makers, except on its crypto-fiat pairs.<\/p>\n","protected":false},"author":341175,"featured_media":534263,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44696],"tags":[92151,94089,80126,35,56040],"class_list":["post-534251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-crypto-asset-service-provider-casp","tag-crypto-exchange-fees","tag-crypto-exchanges","tag-headline","tag-valr"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/534251"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341175"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=534251"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/534251\/revisions"}],"predecessor-version":[{"id":534269,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/534251\/revisions\/534269"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/534263"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=534251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=534251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=534251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}