Quote from: figmentofmyass on April 07, 2018, 03:21:11 AM

Quote from: JayJuanGee on April 06, 2018, 05:26:59 AM

Quote from: magneto on April 05, 2018, 12:05:33 AM

No idea why they have increased the fees for users so much.

1% maker/taker fee is pretty much the highest that I've seen in recent years on big exchanges. You can easily get better trading fees on other exchanges under 0.25%. It's a huge difference and it piles up if your volume isn't much daily but you trade consistently, and is unable to fall under a higher bracket on their fee division tables.

So yes, even without the BNB discounts Binance seems to be a better option at the moment.

No idea why you would trade with Gemini after this fee update if there is a difference by a factor of 10-20x of the trading fees, compared to better sites.

Gemini can still be good for USA customers to enter quickly in or out of dollars from your bank..... even though perhaps not regular trading.

i guess, but why would you use them instead of GDAX at this point? 1% maker fee on gemini? that's pretty embarrassing for them. you can get 0% maker fees on GDAX. same fast and free ACH transfer and cheap wires, and free BTC withdrawals.

i really don't see what gemini is doing here. they need more volume and liquidity. this will only hurt them. and they didn't do anything to incentivize market makers to bring bigger liquidity either.

i wonder what the hell is going on over there....

I agree with a lot of what you are saying, yet it seems that we will have to see how it plays out.... and if they lose trade volume, as you and I seem to be predicting (and whether that loss of trade volume, assuming it occurs, negatively affects their overall business).

It is possible that Gemini will have to reverse themselves (on their fee policy), but perhaps they are just testing a theory in which they have some knowledge about their business that plays out for them to scare off some of their average Joes in the prestige pricing arena?