Bitcoin exchange Gemini, which was founded by the Winklevoss twins in New York, has announced a new fee and rebate schedule today in a post on the official Gemini blog. The changes affect mainly the flat fee schedule, which has been switched to a new real-time and dynamically adjustable “maker-taker” fee structure.

According to Cameron Winklevoss’ post, traders on Gemini will be given a 30-day window of time, where they can receive a 15 bps (0.15%) rebate on their trades. Traders that remove liquidity, will be charged 15 bps.

While the fee is 15 bps during the promotional period, the standard fees on Gemini rises to 25 bps thereafter.

The current window is scheduled to start on the 1st of March, and will conclude on the 31st of March.

Once the 30-day promo period is concluded, traders will be charged/credited fees according to several metrics that are tallied over a certain period of time:

“After your introductory period is over, your fees and rebates will be based on your gross trading volume and liquidity-making buy/sell ratio over the previous thirty (30) calendar day window. Your fee rate will be reassessed every twenty-four (24) hours and adjusted accordingly.”

Gemini has decided to reward “liquidity providers” because their orders beef up the exchange’s order book, which in turn creates more opportunities for other market participants (liquidity takers) that wish to execute against these orders.

“Because liquidity-making orders do not fill immediately and, therefore, bear more market risk, we believe in offering greater incentives to makers.”

Market makers will also be given additional discounts based on trading volumes and buy/sell ratios that are measured over a 30 calendar day window. However, market takers are only given lower fees on trading volumes that exceed 15,000 BTC in a 30 calendar day window.

If you liked this article follow us on twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.