Ekiden has passed $1 million in trading volume on its invite-only MainNet, with 15,978 trades recorded in its September 17 update.
The Canton-based exchange has also introduced a temporary fee offer for all participants in the closed launch. Maker fees are 0.02% and taker fees are 0.035%. Makers add orders to the market, while takers trade against orders already available.
Ekiden is covering the separate Canton settlement cost, bringing that base fee to zero across its markets during the offer. The maker and taker fees still apply.
The lower trading-fee tier previously required $10 million in volume over a rolling 30-day period. It is now available to closed-MainNet users regardless of their trading volume, making the same rates available to smaller accounts during this limited-time period.
A further update on September 18 changed the available leverage. Bitcoin, Ether and HYPE markets now allow up to 20 times leverage, while Canton Coin allows up to 10 times. These are maximum settings, not requirements for every trade.
Leverage lets a trader hold a larger position relative to the funds committed. It also increases exposure to losses. Ekiden's trading documentation explains that increasing leverage raises liquidation risk, the risk of a position being closed when it no longer has enough funds supporting it.
Access remained invite-only at the volume milestone. The fee offer is specifically for those closed-MainNet participants, rather than a permanent fee schedule for a public launch.
