Market Volume Program
Our Mark Volume Program ("MVP") runs through 1st July 2026, paying out up to $250,000 USDt each month. Rewards are subject to the Terms & Conditions specified below.
What is it?
Thalex's Market Volume Pool ("MVP") is an incentive program that rewards Thalex customers who generate meaningful trading volume on Thalex. Every month, up to $250,000 USDt is available to anyone trading on Thalex.
In contrast to TradFi exchanges, the MVP is open to all customers, not just large market makers.
Rewards are calculated on a daily basis and paid out in USDt directly into your account.
How it work
A total of up to $250,000 USDt is allocated monthly to reward those who generate volume in any instrument on Thalex.
Every day, a pool of roughly $8,200 USDt is available. How much of this reward is distributed depends on that day's total volume in all instruments combined. If total daily volume on Thalex is $120M or higher, the full reward pool is distributed. Between $0 and $120M, the reward pool scale linearly from 0 to 100%.
To be eligible for this reward, an account has to have a minimum notional maker trading volume of $100,000 for that day. The daily rewards are fully distributed to all eligible accounts based on their respective maker trading volume. Maker trades are trades where the participant's limit order was resting in the book and was executed on by another party.
Details can be found in the documentation here.
How do I register for this?
You will automatically be registered once you start quoting. Any account with a minimum margin balance of $1,000 automatically participates in the Liquidity Pools and the only thing you have to do is have good orders in the book. To be eligible for the Volume Pool on a given day, you need a minimum maker trading volume of $100,000 that day.
Trading days start and end at 8AM UTC.
Where can I see my performance?
In your Market Program page, you can find your rewards in each pool for the last day, 7 days and 30 days.
Is this only for corporate traders and market makers?
No. Anyone can participate in MVP. In fact, just over the last year, we have paid over $70,000 USDt in MVP rewards to retail traders who did substantial maker volume.