Dear HTX Brokers,

HTX is excited to perform a comprehensive upgrade of the rules for our Broker Program on February 1, 2024 (UTC+8). Under the new rules, commission tiers will be differentiated on the basis of spot trading and futures trading, and commissions will be distributed automatically based on user types and corresponding broker tiers. This will offer our broker partners more flexible support in business development. See the new rules below:

 

1.Broker Tiers

Brokers are ranked in four tiers, by monthly trading volume and the number of monthly trading users, distinguishing between spot trading and futures trading. Brokers can enjoy corresponding commission rates and benefits based on their tiers, with the highest commission rate reaching 65%.

In the new rules, there will no longer be a differentiation between users based on their signup time. As a result, brokers will be able to enjoy the same commission rates from all users.

 

2.Commission

1) Settlement Amount: Commission = Trading fees generated during the calculation period * Commission rate based on brokers' tiers.

2) Settlement Time: Commissions will be settled on a daily basis.

3) Settlement Period: Commissions will be credited to brokers' accounts on Day T+1.

4) Situations where no commission will be granted:

Spot trading volumes of users with Prime 6 or higher level will not contribute towards broker commissions.

Futures trading volumes of users with Prime 5 or higher level will not contribute towards broker commissions.

Market makers will not be eligible for broker commissions.

Trading volume with point cards will not contribute towards broker commissions.

 

3.Evaluation Dimensions (Requirements of monthly trading volume and monthly active trading users)

1) Monthly Trading Volume: Spot and futures trading volumes will be separately calculated on a monthly basis in USDT.

2) Monthly Active Trading Users: The number of monthly active trading users and new trading user counts will be tracked.

 

4.Tier Calculation and Evaluation

1) Calculation Frequency: Broker tiers will be calculated on a monthly basis.

2) Monthly Automatic Level-up:

On the 1st day of each month, broker tiers will be assessed based on the monthly trading volume. If the evaluation result of a month shows brokers' tiers are higher than the previous month, an automatic level-up can occur.

The final tier of a broker will be determined by the higher one calculated based on spot trading and futures trading, and the commission rate is subject to the tier.

3) Quarterly Manual Downgrade:

The HTX team will assess brokers based on their monthly average trading volume and monthly average trading user count on a quarterly basis, specifically in January, April, July, and October. If the current tier requirements are not met, a downgrade decision will be made.

 

5.Exemption Period

1) Newly onboarded brokers will be assigned a tier by their account managers and will have a three-month protection period without downgrades.

Notes: Brokers joining before the 15th of each calendar month (including the 15th) will have a default three-month protection period. Brokers joining after the 15th will enjoy a default four-month protection period.

2) Existing brokers will have a three-month protection period (i.e. one quarter without downgrades) after the implementation of new rules.

 

6.For detailed commission rules, please contact: [email protected]

 

7.HTX reserves the right for final interpretation of this event.

 

HTX remains committed to providing you with better products and services.

 

HTX Team

February 1, 2024

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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.