Official Market Maker (MM) Program for ₺ TRY Market

10/24/2025, 10:24:01

Dear KuCoin TR Users and Partners:

To further optimize KuCoin TR platform liquidity and depth and enhance user's trading experience in Turkish Lira (TRY) trading pairs, we are now launching our Fiat Market Maker Recruitment Program. We sincerely invite high-quality liquidity providers to join KuCoin TR and work together to create a more efficient and stable trading environment.

Who we are looking for:

Professional quantitative trading teams/market making institutions
Traders with sufficient liquidity in fiat currency (TRY) and USDT&USDC
Companies with compliance and risk management capabilities

Market Making Scope:

TRY/USDT trading pair
More fiat currency trading pairs will be welcome and gradually added in the future

Market Maker Benefits:

1. Special Fee Rate : Taker fee of 2 basis points (bps)[0.02%] and a Maker rebate of -1.2 basis points (bps)[-0.012%].

2. Fiat MM Incentive Bonus: Receive a equal 2,000 USDT Incentive upon meeting trading volume and liquidity requirements.

Get the best Spot or Futures market maker fee on KuCoin Global
- Spot Maker: -0.012%
- Spot Taker: 0.025%
- (KCS 20%off: 0.02%)
- Futures Maker: -0.009%
- Futures Taker: 0.02%

3. API Priority Access: Low-latency matching and high-frequency trading interface support.

4. Dedicated Manager Support: One-on-one communication with the local team.

Application Requirements:

Stable financial strength and market-making capabilities (we currently do not provide additional credit support)
Local bank account, with consistent KYB information between the platform and the bank
Comprehensive risk control mechanisms and technical support
Compliance with local legal and regulatory requirements, including but not limited to MASAK, SPK, and Trade Registery

Fiat Trading pair Market Maker Program Review Mechanism:

Trading depth requirements:

Two-sided liquidity within 0.1% ≥ 5,000 USDT (Bid and Ask)
Two-sided liquidity within 0.5% ≥ 10,000 USDT (Bid and Ask)
The number of buy and sell orders for the specified trading pairs in Group shall be maintained at a minimum of ten (10) orders per side at all times.

Trading volume requirements:

The hourly trading volume per trading pair shall not be less than 1,000 USDT.
The daily trading volume per trading pair shall not be less than 24,000 USDT.

Calculations:

Snapshot Frequency: Snapshots of the order book are captured at randomized intervals every sixty (60) seconds, from 00:00 UTC+8 to 23:59 UTC+8 daily, unless otherwise determined by KuCoin TR to ensure operational efficiency or market stability.
Mid Price Calculation: Mid Price = (Best Bid Price + Best Ask Price) / 2
Order Depth Calculation: The order depth at x% (Order Depth x%) for each snapshot is determined as follows:
Bid size is calculated by aggregating the order sizes placed by KuCoin TR within the price range of (Mid Price * (1 - x%), Mid Price).
Ask size is calculated by aggregating the order sizes placed by the Company within the price range of (Mid Price, Mid Price * (1 + x%)).

Daily Order Depth Aggregation: The Order Depth x% for the day is computed by summing the Order Depth x% values across all snapshots and dividing by 1,440 (the number of minutes in a day).
Monthly Order Depth = Average of Daily Order Depths at x%. The result has to be larger than Two-sided Minimum Depth to attain the Market Maker standard in the calendar month.

Application Methods

Interested organizations or teams please submit their applications via the following email address:
operasyon@kucoin.tr
(Please specify the email title: KuCoin TR MM Application + Company Name)

Important Notes

KuCoin TR will strictly review applicants' market making capabilities, compliance qualifications, and risk management capabilities.
Applicants who pass the review will sign a formal agreement.
KuCoin TR reserves the right to interpret this program.
Assessment Period: Each calendar month
Trial Period: Market makers can enjoy 3 months of market maker rates without assessment, but retainer is only available after reaching the assessment requirements.
Payout Period: The Market Maker will issue an invoice before the end of each month for the Services provided otherwise agreed by both parties. KuCoin TR will settle the invoice within 14 days thereafter.