Quick Overview
Qryptos launched in 2017 with a clear pitch - reward market makers and keep taker costs modest. It felt fast and trader first. Today it is inactive with zero listed markets and no daily volume.
The exchange focused on crypto to crypto activity. It leaned on a fee model that paid makers and charged a small taker fee. That design brought liquidity early, but activity faded over time and the venue went quiet.
What Users Actually Got
Before we list the points, a short intro. Qryptos was built for experienced users who were comfortable moving only in crypto. The toolkit covered daily trading needs, and the interface stayed clean and responsive under load.
- Negative maker fee of -0.075% - a rebate for adding liquidity
- Taker fee of 0.15% - competitive for active strategies
- Zero withdrawal fee - crypto out without an extra cut
- Crypto only deposits - no bank wires or cards
- Two factor authentication, withdrawal whitelists, session controls
How The Decline Looked
It did not end in a single day. Volumes thinned first, then pairs stalled. Over several months the book looked empty more often than not. Eventually stats showed zero pairs and zero trades. Users moved on, and support updates slowed to a trickle.
By the late stage some traders mentioned long waits on withdrawals and stricter checks. Others simply left once liquidity dropped below workable levels. With no real flow left, the platform became a quiet name from an earlier cycle.
Platform Specifications
Here is a compact table of the operational profile that defined Qryptos when it was active.
| Category | Details |
|---|---|
| Launch | 2017 |
| Focus | Centralized exchange - crypto to crypto |
| Maker Fee | -0.075% rebate |
| Taker Fee | 0.15% |
| Deposits | Crypto only |
| Withdrawals | Zero fee during operations |
| Status Now | Inactive - zero markets and volume |
Strengths and Weaknesses
Before the lists, two notes. The fee design gave professionals a real edge, especially for market making. The lack of fiat access and the later liquidity decline made that edge hard to use in the end.
Strengths
- Maker rebate encouraged deep books
- Low taker fee suited active trading
- Fast interface and lean layout
Weaknesses
- No fiat on ramp limited adoption
- Liquidity faded and volumes went to zero
- Inactive status makes it purely historical
Final Outlook
Qryptos had a distinct identity. It favored makers, ran fast, and for a while it worked. Markets move quickly. Without a fiat path and with sliding volume, the core advantage evaporated. Today it stands as a short chapter remembered for paying market makers instead of charging them.