Announcement On Adjustment To USDT-M Perpetual Futures Fees

Dear Gate Users,
In response to the current market environment and based on our commitment to enhancing service quality, we have decided to adjust the fee rates for USDT-M Perpetual Futures to foster a healthier and more sustainable trading ecosystem.

Effective Date of New Fee:
We will update the fee rates at 8:00 UTC on May 20th, with the new rates taking effect between 8:00 and 12:00 UTC on May 20th.

1.Adjustments to VIP Fee Rates:
● A consistent fee rate system will be maintained for all Maker and Taker trading, without market differentiation.
● For VIP0 to VIP10: The taker fees remain unchanged, with minor adjustments to the maker fees.
● For VIP11 and above: The taker fees will be reduced by up to 28%.

Details of the New VIP Fee:

2.Adjustments to MM Fee Rates:
● These rates apply to all USDT-M Perpetual Futures markets.
● The MM tiers have been adjusted to include four levels (MM0 to MM3).
● Market makers will be offered the lowest Maker fee of -0.005%.
For detailed information on the MM fee adjustments, please consult your major account manager, email mm@gate.io.

We anticipate that these adjustments will enhance your trading experience and contribute to the continued success of the Gate trading ecosystem. We appreciate your understanding and support.

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Gate Team
May 9, 2023