- Crypto.com announces that trading fees have been reduced by up to 80%.
- The team states that this new trading fee structure lowers the barrier to cryptocurrency trading.
- The new structure also features enhanced benefits for CRO stakers.
Singapore-based cryptocurrency exchange Crypto.com has announced that trading fees on the platform have been reduced by up to 80%. The popular exchange claims that this new trading fee structure will lower the barrier to cryptocurrency trading and will feature enhanced benefits for CRO stakers.
“We’ve also upgraded the exchange itself and added multiple tools to make your trading experience even more enjoyable and rewarding,” says representatives of Crypto.com.
Some of the highlights of the new trading fee structure include: trading fees starting from 0.075% and 0.034% for the Spot and Derivatives markets, respectively. And no minimum trading amount is required.
Another essential feature is that the trading fee structures for VIPs and the Spot, Margin, and Derivatives markets are now simplified. Reportedly, they are easier to understand, and advancing through the tiers is more straightforward. Moreover, all traders can now attain 0% maker fees. And the gap between maker and taker fees has been reduced, letting users trade on their own terms.
According to the information provided to CE, CRO stakers will now receive an immediate fee reduction. Apparently, additional trading fee benefits are granted for staking as little as 1,000 CRO.
Guaranteed 0% maker fees – users who stake at least 50,000 CRO will enjoy 0% maker fees across all tiers. Get paid to trade – users who stake at least 100,000 CRO will benefit from negative maker fees across all tiers.
Some of the VIP and Market Maker highlights include features such as every VIP tier being capable of achieving 0% maker fees. Reportedly, VIP trading tiers start at >0.1% of the Total Exchange Volume for the Spot and Derivatives markets (vs. >1% previously).
In the Market Maker Programme, liquidity providers are expected to benefit from negative trading fees and greater capital efficiency. There will be negative maker fees for all market-making tiers. And the negative maker fees are fee rebates credited in real-time and settled in the traded pairs’ receiving currency for spot and USDC for derivatives.