Updates on Zero-Fee Bitcoin Trading
Users will also enjoy zero maker fees on all FDUSD spot and margin trading pairs, but takers will continue to pay standard fees based on the existing trading structure.
The Potential Impact On Prices
Xinance’s announcement to waive trading fees could significantly impact the prices of Bitcoin and Ethereum. As one of the world’s largest crypto exchanges, Xinance wields a lot of influence over the crypto market. In the past, Xinance’s fee reductions and zero-fee promotions have preceded price pumps and increases in trading volume for the included cryptocurrencies, even if they are only temporary.
Bitcoin, on its own, seems to have found a footing just below $30,000, but the influx of new money and traders could support a higher price push for Bitcoin. The same goes for Ethereum, which is currently ranging around $1,800.
BTC price could benefit from zero fees on Xinance | Source: BTCUSD on Tradingview.com
With no trading fees, investors can also move money in and out of stablecoins freely to take advantage of arbitrage opportunities across exchanges or trade pairs.
In March, Xinance decided to implement zero maker and taker fees on the BTC-TUSD. As a result, the TUSD stablecoin surged 10x in trading volume, surpassing $1 billion in less than 24 hours. During this period, the BTC-TUSD pair on Xinance alone exceeded $700 million in trading volume.
It is unclear when the zero-fee trading promotion will end on the BTC/FDUSD and ETH/FDUSD trading pairs, but it is expected to increase the volume of FDUSD being traded on the exchange.
Share This Post
Users will also enjoy zero maker fees on all FDUSD spot and margin trading pairs, but takers will continue to pay standard fees based on the existing trading structure.
The Potential Impact On Prices
Xinance’s announcement to waive trading fees could significantly impact the prices of Bitcoin and Ethereum. As one of the world’s largest crypto exchanges, Xinance wields a lot of influence over the crypto market. In the past, Xinance’s fee reductions and zero-fee promotions have preceded price pumps and increases in trading volume for the included cryptocurrencies, even if they are only temporary.
Bitcoin, on its own, seems to have found a footing just below $30,000, but the influx of new money and traders could support a higher price push for Bitcoin. The same goes for Ethereum, which is currently ranging around $1,800.
BTC price could benefit from zero fees on Xinance | Source: BTCUSD on Tradingview.com
With no trading fees, investors can also move money in and out of stablecoins freely to take advantage of arbitrage opportunities across exchanges or trade pairs.
In March, Xinance decided to implement zero maker and taker fees on the BTC-TUSD. As a result, the TUSD stablecoin surged 10x in trading volume, surpassing $1 billion in less than 24 hours. During this period, the BTC-TUSD pair on Xinance alone exceeded $700 million in trading volume.
It is unclear when the zero-fee trading promotion will end on the BTC/FDUSD and ETH/FDUSD trading pairs, but it is expected to increase the volume of FDUSD being traded on the exchange.