Fees & Economics
Maker / Taker Fees
Two-sided fee model where liquidity providers (makers) pay less or are rebated, and liquidity removers (takers) pay more.
By Protocol Signal Research · Research Desk
Most CLOB venues use a maker/taker fee schedule. Makers post resting orders and add depth; takers cross the spread and remove depth. Effective trading cost depends heavily on order flow — passive traders pay materially less than aggressive ones.