MoonXBT, a Cayman Islands-based crypto social trading platform, is implementing a zero-fee policy on multiple trading pairs for the spot market until further notice, it said today in a news release.
The zero-fee approach follows that of some major exchanges, including Binance.
The move is necessary to lessen the burden on retail investors amid a bear market, MoonXBT said, adding that it is one of the few mid-sized crypto exchanges to institute a zero-fee policy in sync with major players.
MoonXBT has eliminated transaction fees for some bitcoin trading pairs, as well as for ETH/USDT, BNB/USDT, ADA/USDT and XRP/USDT, it said.
It may add more trading pairs to the no-fee list in the future, based on how its users react.
Users will have zero fees for both maker and taker orders, without trading volume requirements or other pre-conditions, the company said.
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Mike Millard has worked as an editor for Bloomberg and Reuters, various newspapers and websites. He lived in Asia for more than two decades and now calls the Greek island of Corfu home. He is the author of three books.
Source: https://www.theblock.co/post/156752/moonxbt-eliminates-transaction-fees-for-multiple-spot-trading-pairs?utm_source=rss&utm_medium=rss