CEX. IO Imposes a Trade Fee, Will Add USD
On Tuesday evening, we received an interesting press release which relates to CEX. IO. As you may know, CEX. IO serves as a bitcoin commodity exchange, and they're introducing - wait for it - trading fees. Cue "letdown" sound effect (I should really get one of those sound boards that Jim Cramer has... oh wait). According to CEX. IO, the fee implementation will come in two steps. The first will charge a standard 0.2 percent commission on all buys/sells for the period of one month. Following that, the fee will vary depending on the user's 30-day trading history and will flex between 0.2 to....
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The CEX.io bitcoin commodity exchange is to introduce a trading fee within the next two weeks. The fee will be introduced in two stages: initially a fixed commission of 0.2%, which will be dropped in favour of a flexible fee of 0.2-0.5% after an initial period. The company says its fee implementation is aligned with its wider monetisation strategy, which will include the introduction of new trading pairs, including BTC/USD and USD/GHS. New scrypt mining services are on the way too. The first step, the introduction of a 0.2% fixed commission, will apply to all buy/sell transactions and will....