Cryptocurrency Q&A
What are the fees for the NEO stock exchange?
What are the fees for the NEO stock exchange?
ShintoBlessed
Tue Aug 13 2024
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6 answers
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Could you please clarify what you mean by "NEO stock exchange"? As I understand, NEO is a decentralized blockchain platform and smart contract system, not a traditional stock exchange. However, if you're referring to the fees associated with trading NEO tokens on a cryptocurrency exchange, those fees can vary depending on the exchange platform you choose. Some exchanges may charge a flat fee per trade, while others may use a percentage-based fee structure. It's important to do your research and compare the fees charged by different exchanges before making a decision. Can you tell me more about your specific needs or concerns regarding NEO and cryptocurrency trading?
6 answers
EnchantedNebula
Thu Aug 15 2024
For stocks priced below $1.00 per share, the exchange charges a fee of CAD 0.0003 per share for removing liquidity and CAD 0.0001 per share for adding liquidity. This indicates a slightly higher cost for removing liquidity in lower-priced stocks.
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Rosalia
Thu Aug 15 2024
For stocks priced at or above $1.00 per share, the fees increase accordingly. Removing liquidity costs CAD 0.0012 per share, while adding liquidity costs CAD 0.0008 per share. This structure incentivizes traders to contribute to market liquidity.
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Alessandra
Thu Aug 15 2024
Interlisted stocks, which are listed on multiple exchanges, also have distinct fee structures. For interlisted stocks priced below $1.00, a flat fee of CAD 0.0003 per share applies for removing liquidity, and CAD 0.0001 per share for adding liquidity, regardless of the number of shares traded.
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BlockchainVisionary
Thu Aug 15 2024
However, for interlisted stocks priced at or above $1.00 per share, a limit of 3 shares per trade is imposed for both removing and adding liquidity. In this case, the fees are CAD 0.0025 per share for removing liquidity and CAD 0.0021 per share for adding liquidity.
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amelia_martinez_engineer
Thu Aug 15 2024
The Aequitas NEO Lit Exchange operates with a unique fee structure that varies based on several factors, including stock price and the action being taken. For instance, the fees for removing liquidity and adding liquidity differ significantly.
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