Promotional fee rate

Exchanges use fee promotions the way retailers use sales: to move attention. Common formats include zero-fee trading on newly listed pairs, reduced futures fees for a launch quarter, or special rates for users who complete a campaign task.

Evaluating a promotion means reading three fine-print items. Duration: what happens when it ends, and does the venue notify you? Scope: often only specific pairs or order types qualify, while your actual trading mix pays normal rates. Eligibility: some promotions apply only to new accounts or require enrollment, and silently exclude existing users.

Promotions interact cleanly with rebates in one direction only: a rebate is a share of fees paid, so during a genuine zero-fee window there is nothing to rebate on those fills — and full payback resumes when normal fees do. A persistent 50–67% return on all fees is a different kind of value than a temporary rate on some fees; the two are complements, not substitutes.