BTC.sx Lowers Trading Fees by 20%
We are pleased to announce that our trading fees have been reduced by 20% effective from Black Friday.
Furthermore, the daily interest charge on leveraged positions has been reduced by 50%. The new fee structure comes into effect at 00:00 GMT Friday 28th November.
Starting from Black Friday, the fee structure is as follows:
Trade opening fee: 0.48% of position size (20% reduction)
Trade closing fee: 0.48% of position size (20% reduction)
Daily interest charge: free up to 24 hours. After 24 hours, 0.3% of position size (50% reduction).
Deposits, withdrawals and holding of funds remain free for BTC.sx traders.
Joseph Lee, Co-Founder and CEO, explains that “At BTC.sx we make a huge effort to listen and respond to feedback from our traders and the wider Bitcoin community.
“Overall, we are closely aligning the success of BTC.sx and our traders. Positions with BTC.sx actually execute on order books. This allows us to avoid taking opposite positions against our traders. The new fees are also designed to help our traders increase their profits too.”
The fee announcement comes after a year of rapid growth for us. Since November 2013 we have:
- Grown their user base by 400%
- Integrated three exchanges (Bitstamp, Bitfinex and itBit)
- Added six people to their team.