Abucoins, for example, advertises 0.00% fee for "maker" and 0.10% for "taker". Who is the "maker" and who is the "taker" in the context of some typical example trades?
Is this the correct answer:
In this context, I looks like "maker" means that you place a limit order that sits on the book. If you place a market order or you place a limit order that crosses an order already on the book, you are a "taker." The "makers" are making liquidity by placing orders that are available to satisfy later market orders. The "takers" are removing liquidity by reducing the number of orders on the book that can match against any subsequent orders.