Therefore, whenever you create a new order that can’t be matched by any existing buyers or sellers (i.e., a limit order), you are considered a “market maker” and will usually have lower fees.
Exchanges want to incentivize people to provide liquidity. In other words, they want to “make a market.” Therefore, whenever you create a new order that can’t be matched by any existing buyers or sellers (i.e., a limit order), you are considered a “market maker” and will usually have lower fees.