Bitget, known for its operations from the Seychelles, has introduced a refreshed market maker incentive program aimed at enhancing order-book liquidity across its platform. Announced on March 4, the program classifies all spot and futures trading pairs into three distinct categories, each featuring a tiered maker rebate system that ranges from −0.012% to 0.000%.
The revised structure assigns trading pairs to three specific groups: Group A encompasses major pairs like Bitcoin (BTC)/USDT, Group B consists of mid-tier tokens such as HYPE (HYPE)/USDT, and Group C includes smaller or newly launched markets. This classification is intended to better manage liquidity across different segments of the market.
The incentive program employs a tiered maker rebate system labeled MM1 to MM5, with separate applications for spot and futures trading. For participants in the highest tier, MM1, the most advantageous spot rebate is set at −0.012%, while the leading futures rebate stands at −0.008%.
In addition to modifying the rebate structure, Bitget has implemented changes in the way it assesses market maker performance. The evaluation now considers trading volume in relation to the group classification, with higher multipliers assigned to less liquid markets. Moreover, factors such as bid-ask spread requirements and cumulative order volume play a significant role in scoring.
The introduction of this program is particularly significant for Bitget, as institutional traders have increasingly comprised a major portion of trading activity. According to Bitget’s 2025 Transparency Report, institutional participants accounted for 82% of the spot trading volume and 60% of the volume in the futures market. These statistics indicate that professional market makers already play a dominant role in the platform’s order flow. The implementation of the tiered rebate structure aims to incentivize professional activity further while directing more liquidity towards less active markets categorized in Groups B and C.
