The platform will stop charging fees for spot transactions from July 13
Cryptocurrency exchange CoinW has announced the abolition of transaction processing fees for all spot trades. From July 13, all users, including market makers and market takers, will be able to trade on the platform for free.
The CoinW platform, founded in 2017 and registered in the Virgin Islands (UK), provides services in 120 countries to more than 7 million customers. Since July 5, the CoinW platform has already had a zero commission for processing transactions in bitcoins. CoinW ranked 27th in terms of trading volume over the past 24 hours, according to Coinmarketcap.
The platform’s core team members are early crypto investors, and CoinW’s technical team is comprised of members with extensive experience working with A-list companies such as Alibaba, Oracle, Google, and major players in the financial securities industry, with expertise in high-frequency trading, asset management, security protection, and underlying architecture development. CoinW is committed to selecting high-quality crypto assets for investors, developing new technology and finance models for users, and setting new industry product trends.
CoinW offers users a one-stop shop for cryptocurrency financial services and trading options, including spot trading, contract trading, ETF, OTC, and overall asset management. The platform upholds its core values of innovation, quality service, wealth creation, and transparency.
CoinW is committed to compliance, has opened a Lithuanian branch, LCT Holding UAB, and has successfully applied for a Lithuanian financial regulation license. Furthermore, CoinW holds a US MSB financial license, a Singapore MAS license, an SVGFSA license, and other financial regulation licenses from many countries and regions to fully protect users’ interests.
Now CoinW does not charge a commission on all transactions when trading on spot. Transactions in ETF products and contractual instruments will continue to be subject to fees. However, VIP users will still have discounts on ETF processing fees.
On July 8, the Binance exchange introduced zero commissions for trading 13 currency pairs. The platform announced the cancellation of fees in honor of the 5th anniversary and clarified that the new rules will apply worldwide until further notice.
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