Deribit to Launch Zero-Fee Spot Trading for Cryptocurrencies

Deribit to Launch Zero-Fee Spot Trading for Cryptocurrencies

Altcoin news, News

Deribit, a cryptocurrency futures and options exchange, announced that users will be able to trade without paying any fees as of April 24, 2023, at 13:00 UTC.

According to the announcement, spot trading will start with three pairs: BTC/USDC, ETH/USDC, and ETH/BTC.

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With the launch of zero-fee trading, there won’t be any maker or taker fees, so the exchange won’t need any margin. This model won’t provide volume discounts or affiliate or partner sharing due to the structure chosen.

Deribit stated: β€œWith the addition of spot trading, Deribit now serves a wider range of traders who seek to swap directly between assets with immediate delivery and ownership.”

Luuk Strijers, Chief Commercial Officer at Deribit, added β€œAfter years of being the leading crypto derivatives trading platform and ensuring that our exchange has the highest level of security and transparency, we have decided to apply our expertise to spot trading. By adding spot trading to our existing futures and options products, we are now able to provide a fulsome exchange offering that caters to all types of traders.”

Compiled by CoinboldApply

BTC, ETH, Stable Coin, USDC