Key Changes to Market Maker Evaluation Criteria
Huobi announces updates to its spot market maker evaluation system, effective April 1, 2023. The revised framework introduces a new "Monthly Weighted Depth Ranking" metric to enhance liquidity quality assessment.
Revised Maker Evaluation Standards
Market makers may qualify under any one of these three criteria (system automatically selects the highest achievement):
| Tier | Rank Requirement (Monthly Weighted Maker Volume) | OR | Maker Volume (% of Platform Single-Side Volume) | OR | Rank Requirement (Monthly Weighted Depth) |
|---|---|---|---|---|---|
| S | Top 30% | / | ≥1% | / | Top 5% |
| 1 | 30%-70% | / | 0.5%-1% | / | 5%-30% |
| 2 | 70%-100% | / | N/A | / | 30%-100% |
Elimination Threshold
Market makers failing to maintain both of these minimums will be disqualified:
- Monthly weighted Maker volume < 1,000,000 USDT
- Monthly average depth < 1,000,000 USDT
Trading Pair Weight Adjustments
Spot Market Coefficients (Post-April 2023)
| Trading Pair | Base Weight | 0.1% Spread Weight | 0.5% Spread Weight | 1% Spread Weight |
|---|---|---|---|---|
| BTC/USDT | 1.0 | 1.98 | 3.47 | 2.90 |
| ETH/USDT | 1.0 | 1.98 | 2.64 | 2.15 |
| TRX/USDT | 6.6 | 1.06 | 0.77 | 0.66 |
| [Additional pairs condensed for brevity] |
Derivatives Market Coefficients
| Currency | Base Weight | 0.1% Spread | 0.3% Spread | 0.5% Spread |
|---|---|---|---|---|
| BTC | 1.00 | 1.60 | 2.78 | 2.33 |
| ETH | 1.00 | 1.62 | 2.72 | 2.55 |
| [Additional currencies condensed] |
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Operational Guidelines
- Assessment Period: Monthly (UTC+8), from 00:00:00 on the 1st to 00:00:00 on the following 1st
- Fee Adjustments: Updated monthly on the 16th (holidays excluded)
- Real-Time Reporting: Daily performance metrics available via Huobi Open Platform
- Negative Maker Fees: Applied immediately upon trade execution
Important Notes
- Rules may be periodically updated based on liquidity conditions
- Trading pairs and weight coefficients subject to change
- Self-traded Maker volumes will be excluded
FAQ Section
Q: How is weighted depth calculated?
A: Daily weighted depth = (Total order amount × Pair weight × Spread weight) / Number of data points
Q: When will fee adjustments take effect?
A: Changes apply on the 16th of each month, with holiday delays communicated via official channels.
Q: What happens if I fall below elimination thresholds?
A: You'll receive one month's notice to improve performance before disqualification.
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Huobi reserves the right to modify these terms without prior notice. Cryptocurrency trading involves substantial risk - please review our full Risk Disclosure.
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