27 Apr Reduced Trading Fees: A Game-Changer for Customers
We are pleased to announce that Bitfinex plans to give trading fee discounts to new tokens listed on Bitfinex. Enjoy reduced trading fees for these tokens at Bitfinex!
Most cryptocurrency exchanges charge percent fees per trade, depending on whether you’re a maker or taker. On Bitfinex, maker fees are paid when you add liquidity to our order book by placing a limit order at or below the ticker price for buy and at or above the ticker price for sell.
Taker fees, in turn, are paid when you remove liquidity from our order book by placing any order that is executed against an order of the order book.
Paying trading fees is a big part of trading in cryptocurrencies, which can significantly impact your costs. For many traders, especially customers who are new to trading, fees can add up quickly. Indeed, high trading fees can be a significant barrier to entry for new traders, making it difficult for them to decide to try out a new project.
However, at Bitfinex, we plan to reduce trading fees for all newly listed tokens for six months to create opportunities for customers to experiment with new projects and make trading on Bitfinex more affordable.
Now, Bitfinex customers can trade newly listed tokens like CryptoGPT (GPT), Onomy (NOM), Wrapped Minima (WMINIMA), Toncoin (TON), Lido (LDO), Prema (PRMX), Bitgert (BRISE) and Arbitrum (ARB) with lowered fees, paying 0 bps for makers and 4 bps for takers on certain spot trading pairs. These changes allow traders to increase the number of trades they make without worrying about the high costs of trading fees.
The following order execution fees replace the standard order execution fees for each token pair listed below. These trading fees will apply for a period of six months from the date that the trading opened for that pair.
The duration over which the above-noted order execution fees apply is subject to change. Please check this table to confirm what trading fees apply.
Note: The Unus Sed LEO fee discount does not apply to these order execution fees.
All fees for services provided by Bitfinex can be seen on the Fees page, which displays the fees associated with trading on Bitfinex.
Those customers who are interested in trading other tokens can also pay lower fees using a variety of methods. These include increasing your trading volume to benefit from lower fee tiers; holding Bitfinex’s exchange token, $LEO, to benefit from discounts; taking advantage of the Developers’ Reward or participating in the Bitfinex Affiliate Program, which allows you to not only have a discount on trading costs but also earn fees from up to three levels of connection within your network through a commission-based structure. Learn more about all the ways you can pay reduced fees on Bitfinex here.
Certain statements in this announcement may be forward-looking in nature. The words “believe,” “expect,” “estimate,” “could,” “should,” “intend,” “may,” “plan,” “seek,” “anticipate,” “project” and similar expressions among others, generally identify “forward-looking statements,” which speak only as of the date the statements were made. The matters discussed in these forward-looking statements are subject to a number of risks, trends and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied in the forward-looking statements. None of Bitfinex nor any other person is responsible for updating or revising any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.