For large trades or personalized execution, contact our Institutional OTC desk.
| Tier (30 days rolling) | Spread Requirement | Depth Requirement (per side) | Maker Volume (BTC) OR % of Contract ADV | Maker Fee (or Rebate) |
|---|---|---|---|---|
| Tier 1 (Standard) | ≤ 50 bps wide spread 90 % of the time | No depth requirement | No minimum, open to all makers | 0.00% |
| Tier 2 (Active) | ≤ 40 bps wide spread 95 % of the time | ≥ 0.5 BTC | ≥ 1,200 BTC OR ≥ 5% of ADV | -0.005% (rebate) |
| Tier 3 (VIP) | ≤ 30 bps wide spread 99 % of the time | ≥ 2 BTC | ≥ 2,500 BTC OR ≥ 15% of ADV | -0.01% (rebate) |