Fees

This page lists out the fee structure on Serum.

Fees

Fee Tier	Requirements	Taker	Maker
0	Hold <100 SRM	4 bps	0 bps
1	100 SRM	3.9 bps	0 bps
2	1,000 SRM	3.8 bps	0 bps
3	10,000 SRM	3.6 bps	0 bps
4	100,000 SRM	3.4 bps	0 bps
5	1m SRM	3.2 bps	0 bps
6	1 MSRM	3 bps	0 bps

Trading fees are incurred when an order is executed.

Fees in the Serum ecosystem currently work as follows:

• 20% of net fees go to the project or GUI hosting the activity

• 80% of fees go to buy and burn of SRM