Dear HTX Market Makers,
HTX will update the assessment of the market depth and maker weight factors for market makers on January 1, 2024 (UTC+8). HTX is planning to update the assessment mechanism for spot market makers based on their assessment results in November 2023.
Elimination
Market makers will be disqualified if both the monthly weighted maker trading volume and the monthly weighted depth are less than 1,000,000 USDT / Calendar month during the assessment period.
For Spot Makers:
The better of the following 3 indicators of a market maker will be used for its performance assessment and determine the maintenance, upgrade, or downgrade of its tier level.
| Tier |
Ranking Requirement (Monthly weighted maker trading volume) |
Or |
Percentage of Maker Trading Volume One-way share against platform total |
or |
Ranking Requirement (Monthly weighted depth) |
| Tier S |
[0, 20%] |
/ |
≥1% |
/ |
[0, 5%] |
| Tier 1 |
(20%, 70%] |
/ |
[0.5, 1%) |
/ |
(5%, 30%] |
| Tier 2 |
(70%, 100%] |
/ |
[0.1%,0.5%) |
/ |
(30%, 100%] |
The new weight factors for spot and margin trading pairs are as follows:
| Pair |
Weight Factor |
Weight Factor (Bid-Ask Spread = 0.1%) |
Weight Factor (Bid-Ask Spread = 0.5%) |
Weight Factor (Bid-Ask Spread = 1%) |
| BTC/USDT |
6.1 |
5.1 |
4.8 |
4.7 |
| ETH/USDT |
7.7 |
7.2 |
6.3 |
5.8 |
| BTT/USDT |
1.6 |
2.0 |
1.8 |
1.7 |
| JST/USDT |
1.6 |
2.0 |
1.8 |
1.7 |
| SUN/USDT |
1.6 |
1.7 |
4.0 |
4.9 |
| TRX/USDT |
3.6 |
3.8 |
2.1 |
1.1 |
| ADA/USDT |
3.8 |
16.0 |
6.7 |
4.2 |
| ATOM/USDT |
3.0 |
14.5 |
14.7 |
13.4 |
| AVAX/USDT |
5.2 |
18.4 |
8.0 |
7.8 |
| BCH/USDT |
3.6 |
31.2 |
4.2 |
7.6 |
| DOGE/USDT |
2.4 |
14.5 |
7.7 |
4.8 |
| DOT/USDT |
3.3 |
15.5 |
9.5 |
8.3 |
| ETC/USDT |
1.3 |
24.3 |
4.9 |
10.0 |
| LINK/USDT |
4.3 |
14.8 |
13.3 |
7.4 |
| LTC/USDT |
7.1 |
10.6 |
6.2 |
4.6 |
| MATIC/USDT |
2.0 |
10.0 |
2.9 |
2.0 |
| NEAR/USDT |
6.2 |
19.2 |
22.5 |
18.8 |
| SOL/USDT |
8.4 |
11.8 |
5.6 |
4.7 |
| TON/USDT |
2.0 |
16.0 |
6.7 |
4.2 |
| XMR/USDT |
2.0 |
22.4 |
8.7 |
3.4 |
| XRP/USDT |
4.0 |
11.5 |
6.3 |
7.6 |
| UNI/USDT |
1.8 |
5.8 |
5.1 |
4.1 |
| DAI/USDT |
2.0 |
5.8 |
5.1 |
4.1 |
| EURT/USDT |
2.0 |
5.8 |
5.1 |
4.1 |
| USDC/USDT |
62.1 |
5.8 |
5.1 |
4.1 |
| USDD/USDT |
0.8 |
5.8 |
5.1 |
4.1 |
| XAUT/USDT |
2.0 |
5.8 |
5.1 |
4.1 |
| 1INCH/USDT |
2.5 |
7.6 |
5.8 |
6.2 |
| AAVE/USDT |
2.0 |
5.1 |
1.9 |
1.7 |
| ACA/USDT |
2.5 |
12.8 |
7.9 |
1.7 |
| AGIX/USDT |
1.5 |
13.9 |
3.8 |
2.4 |
| AGLD/USDT |
2.0 |
5.4 |
5.1 |
2.1 |
| AKT/USDT |
2.0 |
16.0 |
6.7 |
4.2 |
| ALGO/USDT |
3.2 |
19.5 |
9.8 |
5.2 |
| ANT/USDT |
2.0 |
9.9 |
8.3 |
4.8 |
| APT/USDT |
2.3 |
11.4 |
9.5 |
7.5 |
| ARB/USDT |
4.0 |
12.7 |
5.9 |
3.3 |
| AR/USDT |
1.6 |
26.7 |
22.1 |
5.9 |
| AXS/USDT |
2.2 |
14.8 |
11.4 |
5.7 |
| BADGER/USDT |
2.5 |
7.5 |
7.0 |
5.4 |
| BAL/USDT |
2.0 |
24.1 |
17.5 |
5.6 |
| BEAMX/USDT |
2.0 |
27.9 |
9.8 |
3.7 |
| BLUR/USDT |
1.7 |
11.2 |
4.1 |
3.2 |
| BSV/USDT |
2.0 |
16.0 |
6.7 |
4.2 |
| CELO/USDT |
4.3 |
20.0 |
16.5 |
6.4 |
| CHZ/USDT |
1.4 |
8.9 |
6.5 |
6.2 |
| CLV/USDT |
2.0 |
16.0 |
6.7 |
4.2 |
| COMP/USDT |
2.6 |
7.2 |
5.6 |
5.5 |
| CORE/USDT |
2.0 |
16.0 |
6.7 |
4.2 |
| CRV/USDT |
2.0 |
3.9 |
2.1 |
2.1 |
| CTC/USDT |
2.0 |
16.0 |
6.7 |
4.2 |
| CTXC/USDT |
2.8 |
32.4 |
22.3 |
3.1 |
| DESO/USDT |
2.0 |
16.0 |
6.7 |
4.2 |
| DIA/USDT |
2.0 |
21.6 |
8.1 |
2.8 |
| DOSE/USDT |
2.0 |
16.0 |
6.7 |
4.2 |
| DUSK/USDT |
1.3 |
6.4 |
4.9 |
2.9 |
| DYDX/USDT |
3.6 |
7.4 |
6.5 |
3.8 |
| EGLD/USDT |
2.3 |
29.7 |
23.5 |
16.3 |
| ELF/USDT |
2.0 |
7.5 |
5.7 |
3.9 |
| ENJ/USDT |
1.8 |
25.8 |
22.8 |
12.0 |
| ENS/USDT |
2.8 |
24.7 |
21.4 |
4.3 |
| EOS/USDT |
1.7 |
16.2 |
9.6 |
3.9 |
| FET/USDT |
3.3 |
9.6 |
7.8 |
6.4 |
| FIL/USDT |
3.9 |
10.6 |
8.2 |
6.0 |
| FLOW/USDT |
2.5 |
8.1 |
7.6 |
5.4 |
| FORTH/USDT |
2.0 |
12.1 |
5.8 |
1.8 |
| FXS/USDT |
1.3 |
12.7 |
11.7 |
6.7 |
| GALA/USDT |
2.9 |
31.0 |
22.6 |
17.2 |
| GAS/USDT |
5.4 |
18.0 |
14.0 |
9.6 |
| GMX/USDT |
2.7 |
17.7 |
16.7 |
4.5 |
| GRAIL/USDT |
2.0 |
16.0 |
6.7 |
4.2 |
| HBAR/USDT |
1.2 |
21.9 |
11.9 |
10.8 |
| HFT/USDT |
2.0 |
3.9 |
2.1 |
1.9 |
| IMX/USDT |
3.0 |
31.0 |
19.0 |
7.1 |
| JOE/USDT |
2.0 |
13.5 |
10.1 |
4.2 |
| KNC/USDT |
2.0 |
11.8 |
9.2 |
5.0 |
| KSM/USDT |
4.4 |
9.3 |
6.2 |
3.4 |
| LDO/USDT |
1.4 |
7.8 |
6.0 |
5.6 |
| LPT/USDT |
2.0 |
10.0 |
7.9 |
4.7 |
| LQTY/USDT |
1.7 |
15.1 |
8.2 |
5.6 |
| LUNC/USDT |
2.0 |
16.9 |
8.9 |
6.2 |
| MAGIC/USDT |
2.5 |
10.8 |
5.0 |
4.2 |
| MANA/USDT |
1.8 |
18.9 |
9.8 |
4.9 |
| MASK/USDT |
2.0 |
8.9 |
3.7 |
2.4 |
| MEME/USDT |
3.6 |
19.4 |
14.8 |
8.7 |
| MINA/USDT |
1.8 |
21.3 |
8.7 |
5.6 |
| MKR/USDT |
2.0 |
8.8 |
5.6 |
5.1 |
| MLK/USDT |
2.0 |
16.0 |
6.7 |
4.2 |
| NEO/USDT |
2.6 |
18.6 |
7.2 |
3.6 |
| OCEAN/USDT |
1.9 |
16.2 |
12.6 |
7.2 |
| OG/USDT |
2.0 |
8.7 |
6.0 |
4.2 |
| OMG/USDT |
2.0 |
5.6 |
2.4 |
2.0 |
| OP/USDT |
2.1 |
24.6 |
12.1 |
7.0 |
| ORDI/USDT |
3.1 |
20.8 |
16.0 |
9.0 |
| OSMO/USDT |
4.0 |
8.7 |
7.5 |
4.2 |
| PENDLE/USDT |
2.0 |
6.0 |
4.7 |
4.2 |
| PEPE/USDT |
1.9 |
16.0 |
8.3 |
5.2 |
| PHA/USDT |
2.7 |
5.6 |
4.1 |
2.4 |
| PYTH/USDT |
2.8 |
16.0 |
6.7 |
4.2 |
| QTUM/USDT |
1.5 |
15.2 |
8.2 |
3.6 |
| QUICK/USDT |
1.9 |
8.8 |
7.0 |
5.4 |
| REN/USDT |
2.0 |
5.6 |
4.8 |
4.0 |
| ROCK/USDT |
2.0 |
16.0 |
6.7 |
4.2 |
| RVN/USDT |
1.8 |
9.4 |
6.4 |
4.3 |
| SAND/USDT |
1.9 |
18.9 |
9.8 |
6.3 |
| SATS/USDT |
4.9 |
16.0 |
6.7 |
4.2 |
| SEI/USDT |
2.3 |
19.0 |
14.5 |
8.1 |
| SHIB/USDT |
3.8 |
15.5 |
7.0 |
3.2 |
| SHRAP/USDT |
2.2 |
16.0 |
6.7 |
4.2 |
| SKL/USDT |
2.0 |
5.6 |
3.9 |
3.0 |
| STORJ/USDT |
3.3 |
12.2 |
11.0 |
9.5 |
| SUI/USDT |
2.1 |
8.5 |
5.6 |
2.7 |
| SWEAT/USDT |
2.0 |
16.0 |
6.7 |
4.2 |
| TIA/USDT |
2.5 |
13.3 |
7.6 |
4.0 |
| TOX/USDT |
2.0 |
16.0 |
6.7 |
4.2 |
| UFT/USDT |
2.0 |
22.6 |
11.5 |
4.5 |
| UMA/USDT |
1.4 |
4.8 |
4.8 |
1.9 |
| UNIBOT/USDT |
2.0 |
16.0 |
6.7 |
4.2 |
| VELO/USDT |
1.5 |
16.0 |
6.7 |
4.2 |
| WAVES/USDT |
3.4 |
10.5 |
8.4 |
4.6 |
| WAXL/USDT |
2.0 |
16.0 |
6.7 |
4.2 |
| WLD/USDT |
2.3 |
13.4 |
12.6 |
11.0 |
| WSM/USDT |
2.0 |
16.0 |
6.7 |
4.2 |
| XCH/USDT |
2.0 |
16.0 |
6.7 |
4.2 |
| XDC/USDT |
2.0 |
16.0 |
6.7 |
4.2 |
| XLM/USDT |
2.0 |
15.7 |
6.5 |
4.6 |
| XTZ/USDT |
2.0 |
20.2 |
17.8 |
6.6 |
| YFI/USDT |
2.0 |
5.7 |
4.1 |
3.0 |
| YGG/USDT |
1.7 |
13.9 |
5.6 |
4.7 |
| ZBC/USDT |
2.0 |
16.0 |
6.7 |
4.2 |
| ZEC/USDT |
2.0 |
11.9 |
10.8 |
3.5 |
| ZRX/USDT |
2.4 |
8.3 |
8.0 |
3.9 |
| OTHER |
2.0 |
16.0 |
6.7 |
4.2 |
The new weight factors for the trading of USDT-M perpetual, USDT-M delivery, Coin-M perpetual, and Coin-M delivery futures are as follows:
| Crypto |
Weight Factor |
Weight Factor (Bid-Ask Spread = 0.1%) |
Weight Factor (Bid-Ask Spread = 0.3%) |
Weight Factor (Bid-Ask Spread = 0.5%) |
| BTC |
1 |
10 |
5 |
1 |
| ETH |
1 |
10 |
5 |
1 |
| SOL |
5 |
45 |
10 |
5 |
| DOGE |
5 |
50 |
10 |
5 |
| MATIC |
5 |
45 |
10 |
5 |
| ADA |
5 |
40 |
10 |
5 |
| BCH |
5 |
30 |
10 |
5 |
| BNB |
5 |
30 |
10 |
5 |
| TRX |
15 |
25 |
10 |
5 |
| XRP |
5 |
50 |
15 |
5 |
| LTC |
5 |
50 |
15 |
5 |
| LINK |
5 |
40 |
15 |
5 |
| ORDI |
5 |
100 |
15 |
5 |
| DOT |
5 |
65 |
15 |
5 |
| ARB |
5 |
60 |
15 |
5 |
| AVAX |
5 |
50 |
15 |
5 |
| FIL |
5 |
70 |
15 |
5 |
| AAVE |
15 |
50 |
15 |
10 |
| FET |
15 |
70 |
15 |
10 |
| SNX |
15 |
60 |
15 |
10 |
| ETC |
5 |
80 |
20 |
10 |
| TRB |
5 |
100 |
20 |
10 |
| MEME |
5 |
100 |
20 |
10 |
| WLD |
5 |
90 |
20 |
10 |
| PEPE |
5 |
80 |
20 |
10 |
| NEAR |
5 |
100 |
20 |
10 |
| EOS |
15 |
100 |
20 |
10 |
| FTM |
15 |
100 |
20 |
10 |
| BLUR |
15 |
100 |
20 |
10 |
| DYDX |
15 |
90 |
20 |
10 |
| GMT |
15 |
100 |
20 |
10 |
| SEI |
15 |
100 |
20 |
10 |
| SAND |
15 |
55 |
20 |
10 |
| WAVES |
15 |
100 |
20 |
10 |
| LUNA |
15 |
100 |
20 |
10 |
| AXS |
15 |
90 |
20 |
10 |
| MKR |
15 |
95 |
20 |
10 |
| RNDR |
15 |
80 |
20 |
10 |
| ATOM |
5 |
100 |
25 |
10 |
| OP |
5 |
100 |
25 |
10 |
| LUNC |
5 |
100 |
25 |
10 |
| SHIB |
5 |
95 |
25 |
10 |
| BIGTIME |
5 |
100 |
25 |
10 |
| TIA |
5 |
100 |
25 |
10 |
| UNI |
15 |
100 |
25 |
10 |
| APT |
15 |
90 |
25 |
10 |
| SUI |
15 |
100 |
25 |
10 |
| INJ |
15 |
100 |
25 |
10 |
| BONK |
5 |
100 |
30 |
10 |
| ALGO |
15 |
100 |
30 |
10 |
| SUSHI |
15 |
100 |
35 |
10 |
| YFI |
15 |
100 |
40 |
10 |
| THETA |
15 |
100 |
25 |
15 |
| SATS |
5 |
100 |
30 |
15 |
| USTC |
15 |
100 |
30 |
15 |
| FTT |
15 |
100 |
35 |
15 |
| JTO |
15 |
100 |
30 |
20 |
| BLZ |
15 |
100 |
35 |
20 |
| AIDOGE |
15 |
55 |
40 |
20 |
| RATS |
15 |
100 |
40 |
25 |
| LADYS |
15 |
100 |
55 |
25 |
| OTHERS |
20 |
100 |
60 |
30 |
Note: Bid-Ask spread = (Sell 1- Buy 1) / [(Sell 1 + Buy 1) / 2]
Calculation Formula: (take one symbol for example)
Weighted Depth
*Intraday weighted average depth = Total intraday order size * Symbol weight factor * Weight factor for the bid-ask spread / Intraday number of snapshots
*Weighted average depth of the month = (∑ Daily weighted average depth) / Number of days in the month
Important Notes:
· The assessment cycle is a calendar month from 00:00:00 (UTC+8) on the first day of a month to 00:00:00 (UTC+8) on the first day of the next month.
· The market maker assessment takes place monthly, with fee adjustments made in the first week of the following month. In the event of holidays, the adjustments are postponed accordingly.
· HTX provides each market maker with a daily report on their market-making performance, which can be viewed on the HTX Open Platform - Workplace
· The negative maker trading fee takes effect immediately upon the completion of each trade.
Terms & Conditions
· Market-making related rules may be changed or adjusted from time to time as the HTX market-maker team sees fit based on the current liquidity and market depth on HTX.
· This update includes adding or removing applicable trading pairs and adjusting weight factors and the bid-ask spread weight factors.
· Any maker trading volume generated from self-trading will be excluded.
Thank you for your continuous support!
HTX
December 29, 2023
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HTX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and HTX makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on HTX. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.
