JorgeStolfi
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February 01, 2014, 04:35:06 PM

What is a "market maker"?  How does the new BTC-China "market maker reward" work?  Has it been tested in other markets before?
If your order executes immediately you pay a commission. If it sits on the book and someone else buys/sells into it you earn a commission. Bitfloor had the same system.
Thanks!  Now I got it...

But does that really encourage volume?

It seems that it encourages posting an order a penny above or below the best opposite offer, and waiting for the other guy to make the move.

Which, by the way, is what seems to be happening at BTC-China right now...