A market taker is a trader who executes buy or sell orders that match existing orders on a cryptocurrency exchange, removing liquidity from the market. Unlike market makers, market takers do not provide bid or ask orders but instead accept the prices available in the order book. Market takers are often charged higher fees than makers, as their actions consume liquidity. They play a crucial role in price discovery and trading volume. In crypto, market takers influence short-term price movements and overall market activity.
Hong Kong regulators have finalized licensing rules for crypto trading and custody providers, aligning oversight more closely with traditional securities regulation while launching a new consultation on advisory and asset management services.