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[timerland]

So the good news is that the taker fee is dropping from 0.075% to 0.05%. Now the commissions for opening a trade look very tasty compared to other derivatives exchanges. And the bad news is that the positive maker's commission has been greatly reduced, which was -0.025% earlier, and now it will be -0.01%, which is certainly not encouraging.

Not sure about what this move sets out to achieve.

Isn't the whole point of an exchange offering rebates trying to encourage liquidity in the orderbooks? With this move, they're essentially decreasing the incentive of doing so.

And I don't even think this is the best way to raise revenue. Their net margins have decreased as a result of this move.

But fair enough, it's a move to align with Deribit and other players who are also offering the -0.01%/0.05% fee structure it seems.

[DavideBaldini]

I think they want to be more competitive now that Binance is set to terminate derivatives in Europe. Perhaps Bitmex intends to welcome those refugee users and keep them trading derivatives for a while longer, until they'll also receive the same desist letter sent to Binance from European financial authorities.

It doesn't seem that reducing the maker rebate has a significant effect on liquidity. Binance has a +0.04% fee for both taker and maker and their liquidity is thick. However some people may have strategies whose profitability is sensitive to the rebate.

[crwth]

This is saddening for me especially because I'm a market maker with these exchanges and the rebate is quite a significant portion of the profits I'm making with this market-making strategy. I hope sooner or later they bump it back up but it's undoubtedly not going to happen lol. I wasn't aware of these changes so thank you for this update.

[Bitcoin_Arena]

But fair enough, it's a move to align with Deribit and other players who are also offering the -0.01%/0.05% fee structure it seems.

Except for Binance and a few, most of the old popular derivatives platforms have actually been using the old fee structure of -0.025%/0.075%. I don't know what could have triggered the changes, but I think they are trying to slowly push away small volume traders.

In general, their updates have recently been a bit upsetting. First, they changed the size of the minimum order from $1 to $100, now they have reduced the rebate by 2.5 times. A couple more of these hilarious updates and you can start thinking about switching to another derivative platform. 

I moved on a long time ago 
At least I have phemex and bybit to play with for now.

[Kyraishi]

Don't think that there is anything remarkable.

Seems like the -0.01%/0.05% fee split is now the standard for crypto derivatives exchanges. If you can get away with paying less in rebates since your competitors do it, why not go for it?

They're probably trying to get more people to take orders as well. I'd imagine one aspect of the motivation for this move would also come down to excess liquidity in orderbooks that is untaken given the high 0.075% taker fees. And remember that they only earn fees if there is there is both a maker and a taker at a particular price.