Currencies33070
Market Cap$ 2.95T+2.56%
24h Spot Volume$ 51.70B+9.08%
DominanceBTC60.80%+0.63%ETH6.75%-0.57%
ETH Gas6.72 Gwei
Cryptorank
MainNewsBalancing Tr...

Balancing Trader and Liquidity Provider Needs: Jupiter Exchange’s Fee Adjustment Strategy


Jul, 11, 2024
< 1 min read
by CoinEdition
Jupiter Exchange Drops Fees On Perpetuals Product
  • Jupiter dropped fees on perpetual products after the community voiced concerns.
  • The Base Fee, initially set at 0.07%, has been dropped to $0.06.
  • The team is focused on holistic improvements and not rushed-up solutions.

Jupiter Exchange, a Solana-based DEX aggregator, is lowering fees on its perpetual products in response to community feedback regarding high costs.

Through an X post, Jupiter co-founder explained the rationale behind the fee reduction. Initially, the platform had a flat 0.1% fee for opening or closing a position. Last month, it introduced a 2-Tier fee structure to address concerns, setting the base fee at 0.07%.

The “price impact fee,” on the other hand, scales with position size, starting at 0.01%. For most traders, it remains at 0.01%, but increases for larger positions to maintain fairness and allow JLP holders to earn mo…

The post Balancing Trader and Liquidity Provider Needs: Jupiter Exchange’s Fee Adjustment Strategy appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Spotlight on XRP, Solana as 72 Crypto ETFs Seek SEC Approval This Year

Spotlight on XRP, Solana as 72 Crypto ETFs Seek SEC Approval This Year

The US Securities and Exchange Commission (SEC) faces unprecedented crypto industry p...
Apr, 22, 2025
< 1 min read
by CoinEdition
Solana Jumps Over 48% Volume as Trump Calls For Fed Chair Termination

Solana Jumps Over 48% Volume as Trump Calls For Fed Chair Termination

Solana (SOL) posted gains Monday, closing near $139.90 (+0.33% 24h) after a volatile ...
Apr, 21, 2025
< 1 min read
by CoinEdition
MainNewsBalancing Tr...

Balancing Trader and Liquidity Provider Needs: Jupiter Exchange’s Fee Adjustment Strategy


Jul, 11, 2024
< 1 min read
by CoinEdition
Jupiter Exchange Drops Fees On Perpetuals Product
  • Jupiter dropped fees on perpetual products after the community voiced concerns.
  • The Base Fee, initially set at 0.07%, has been dropped to $0.06.
  • The team is focused on holistic improvements and not rushed-up solutions.

Jupiter Exchange, a Solana-based DEX aggregator, is lowering fees on its perpetual products in response to community feedback regarding high costs.

Through an X post, Jupiter co-founder explained the rationale behind the fee reduction. Initially, the platform had a flat 0.1% fee for opening or closing a position. Last month, it introduced a 2-Tier fee structure to address concerns, setting the base fee at 0.07%.

The “price impact fee,” on the other hand, scales with position size, starting at 0.01%. For most traders, it remains at 0.01%, but increases for larger positions to maintain fairness and allow JLP holders to earn mo…

The post Balancing Trader and Liquidity Provider Needs: Jupiter Exchange’s Fee Adjustment Strategy appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Spotlight on XRP, Solana as 72 Crypto ETFs Seek SEC Approval This Year

Spotlight on XRP, Solana as 72 Crypto ETFs Seek SEC Approval This Year

The US Securities and Exchange Commission (SEC) faces unprecedented crypto industry p...
Apr, 22, 2025
< 1 min read
by CoinEdition
Solana Jumps Over 48% Volume as Trump Calls For Fed Chair Termination

Solana Jumps Over 48% Volume as Trump Calls For Fed Chair Termination

Solana (SOL) posted gains Monday, closing near $139.90 (+0.33% 24h) after a volatile ...
Apr, 21, 2025
< 1 min read
by CoinEdition