BTC China Reinstates 0.3% Trading Fee Due to 'Turbulent Bitcoin Market'

BTC China has reinstated trading fees in an attempt to combat market manipulation. BTC China has, after 3 successful months, has decided to resume trading fees. For a few weeks now, because of 0% trading fees, BTC China has consistently been the highest volume BTC exchange. Trading fees will be 0.3%, the announcement reads: Dear BTC China valued customer: To stabilize the recent turbulent Bitcoin market and minimize potential market manipulation, BTC China will end the 0% trading fee promotion, effective immediately, and revert to the 0.3% trading fee. We deeply apologize for the sudden....

Chinese bitcoin exchange BTC China this weekend announced plans to reduce trading commission fees from 0.3% to 0.1% for all users. The fee change will become effective as of noon time (China time) on the 24th of February. BTC China says that for the traders who place limit orders that add to market liquidity will receive an addition 0.1% rebate. The exchange eliminated fees completely last Autumn just before they became the world's most popular exchange due to immense interest from the Chinese people. Regulatory uncertainty in the country ultimately caused the trading service to lose....

Source: TheGenesisBlock.com. It was last one week ago that reports surfaced indicating that BTC China would be reinstating trading fees due to "turbulent" market conditions. The report indicated that the fees would resume effective immediately, and it seems to have not surprisingly been profitable. According to The Genesis Block, about 340,000 BTC has been transacted since the fees were reimposed at 0.3 percent. That gives us a rough estimate that BTC China's revenue in the past week has been somewhere in the neighborhood of whopping $1.25 million USD. Not bad for an exchange that's....

BTC China Bitcoin Exchange. BTC China is open for business and is offering lower trade commissions starting 24 February 2014. From their website: Starting at 12 noon (China time) on February 24, 2014, BTC China will lower the trading commission fee from 0.3% to 0.1% for all users. For market-makers who place limit orders that add to market liquidity, they will be exempt from the trading commission, and will additionally get a 0.1% market-maker rebate! Sign of Change. In an exclusive interview with CryptocoinsNews two weeks ago, Bobby Lee outlined the positive changes for China based....

Chinese bitcoin exchange BTC China has announced it will lower trading commission fees from 0.3% to 0.1% for all trades executed after midday China time (4:00 am GMT) today, 24th February. It will also retain its 'maker-taker' fee model, meaning those placing limit orders at prices set by them (market 'makers') will still be exempt from all fees, and actually receive a 0.1% rebate. The model is useful because it adds to market liquidity. BTC China had previously reduced fees for withdrawal into Chinese yuan from 1% to 0.5% on 3rd January. The company had been China's largest and busiest....