Add a new market

Important

This operation can be performed only by users assigned the Admin role.

To add a new market to the exchange, proceed as follows:

  1. Navigate to Settings > Markets in the Admin Panel main menu.

  2. Click the Add market button displayed at the top of this screen.

  3. In the Add market dialog that is invoked, specify the following market settings:

  • Maker Fee — the commission rate applied to market makers that provide market liquidity. This value is normalized to 0–1 range: for example, 0.05 will indicate a fee of 5%. A maker fee of 5% is considered substantial and may be detrimental to business.

  • Taker Fee — the commission rate applied to market takers that diminish market liquidity. This value is normalized to 0–1 range: for example, 0.05 will indicate a fee of 5%. A taker fee of 5% is considered substantial and may be detrimental to business.

  • BaseCurrency — the base asset, also called transaction currency, which is the first currency appearing in a currency pair.

  • QuoteCurrency — the quote asset, also called counter currency, which is the second currency appearing in a currency pair (both direct and indirect). It is used to determine the value of the base asset.

  • Status — the market status, indicating whether new trades can be currently placed on this market.

    For newly created markets, Status can only be set to Halted. To allow trading on the created market, locate it on the Settings > Markets page and set the market Status to Open.

  • Price scale — the number of decimal places displayed for trade prices, which also determines the minimum allowed trade price. Usually, this value is equal to the scale specified for a quote currency in the pair. This value cannot be greater than the quote currency scale and must be within 2–18 range.

  • Amount scale — the number of decimal places displayed for trade amounts, which also determines the minimum allowed trade amount. Usually, this value is equal to the scale specified for a base currency in the pair. This value cannot be greater than the base currency scale and must be within 2–18 range.

  • Order Price Deviation — the allowed price deviation for limit orders placed on the market, upon exceeding which (that is, upon deviating too much from the best bid or ask prices) an order will be rejected. This value is normalized to 0–1 range (for example, 0.15 will indicate an allowed price deviation of 15%) and cannot exceed 1.

  • Minimal Amount — the minimum allowed amount for orders placed on this market. Orders with a lesser amount will be rejected.

  • Disable Tier Fees — specifies whether tier commissions apply to the market

  • Only Sell — specifies whether only sell orders are allowed on this market

  • Only Buy — specifies whether only buy orders are allowed on this market

  1. Click Proceed to create a new market and close the dialog window.