BTC China May Have Raked in $1.25 Million in Revenue Since Reinstating Trading Fees
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....
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Bitcoin trader using BTC China services? There's some good news in store for you. The BTC China team announced on Wednesday that they are reducing their withdrawal fee effective today for all customers. "From popular demand, and to benefit our customers, starting from July 16, 2014, we have reduced our withdrawal fee from 0.5% down to 0.38%," the company wrote on their blog. That's a 20 percent drop, for those keeping track. On Reddit.com, a company representative added, "we have decided to lower our withdrawal fees due to our users' high demand as well as to benefit our loyal customers."....
Both iterations of the world’s most popular DEX now generate more fee revenue than Bitcoin. The world’s largest decentralized exchange keeps growing and the newly-launched third iteration has now surpassed version two in terms of daily volumes.In addition to v3 topping the daily transaction volumes of v2, both have individually surpassed Bitcoin in terms of daily fee generation. The move was observed by Uniswap founder Hayden Adams who commented that both are earning more daily and weekly fees than Bitcoin miners.Data from Cryptofees showed that Uniswap v3, which was launched on May 5,....
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....
The era of no-fee trading in China appears to be over. Following in the footsteps of China's 'Big Three' exchanges, smaller competitors BTC Trade, BTC100, CHBTC, Dahonghuo, Yuanbao and BitBays all moved to impose or increase trading fees yesterday in the wake of a meeting with the People's Bank of China, China's central bank. Both BTC Trade and CHBTC said that the fees would come into force on 13th February, whereas the other exchanges did not identify a starting date. Further, with the exception of BTC 100 and BitBays, the exchanges all moved to add 0.2% maker and taker fees. BitBays is....
BTC China has become the world's first major bitcoin exchange to scrap its trading commission fees, albeit temporarily. The company, which launched in June 2011, was charging 0.3% for all trades made on the site before taking the decision to run a promotion eliminating this fee. "We already deliver an outstanding consumer experience, and with this promotion, we will now also offer superb value. The future is bright, for bitcoin in China," said Bobby Lee, CEO of BTC China. He explained the promotion will continue to run over the Chinese National Day holiday, but could not confirm its end....