Trading Fees
Binary Option Contracts
For each trade of any Binary Range Contracts (including, without limitation, the BTCRB Option Contracts), the buyer and the seller will each be charged the following trade fees on a per fill basis. Fee structure is the same regardless of opening or closing a position.
Type | Trading Fees |
---|---|
Buyer |
|
Seller |
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*Note: the fee equals the following sum of that calculation in U.S. dollars, rounded down to the nearest penny
Buyer (Yes Positions) Trading Fee Examples
- Price = $5.00, Contracts = 1; Fee = $0.05
- Price = $8.00, Contracts = 1; Fee = [0.02 x (10-8) x 1] = $0.04
- Price = $9.99, Contracts = 1; Fee = [0.02 x (10-9.99) x 1] = $0.0002 or zero fees since it’s < $0.01 and fees round down to the nearest penny
Seller (No Positions) Trading Fee Examples
- Price = $3.00, Contracts = 1; Fee= $0.05
- Price = $2.00, Contracts = 1; Fee = [0.02 x (2) x (1)] = $0.04
- Price = $0.50, Contracts =1; Fee = [0.02 x (.50) x (1)] = $0.01
- Price = $0.30, Contracts = 1; Fee = [0.02 x (0.30) x (1)] = 0.006 or zero fees since its < $0.01 and fees round down to the nearest penny
Withdrawal Fees
Asset | Withdrawal Fees |
---|---|
USD Wires | No wire fees. |
Bitcoin | 0.00025 BTC |
Ethereum | 0.0004 ETH |
Delivery Fees
MIAXdx charges no delivery fees. There is no fee to exercise options or take delivery.
Crypto Storage Fees
Weekly Storage Fees
For storing any sum of the Participant’s BTC that remains on deposit with the Company every Friday at 5 pm Eastern Time, the Participant will be charged a weekly storage fee of the lesser of either (a) 0.0003 BTC, or (b) the entire remaining balance of that Participant’s BTC that remains on deposit. For storing any sum of the Participant’s ETH that remains on deposit with the Company every Friday at 5 pm Eastern Time, the Participant will be charged a weekly storage fee of the lesser of either (a) 0.008 ETH, or (b) the entire remaining balance of that Participant’s ETH that remains on deposit.