As token prices fall and retail interest wanes, more crypto exchanges are jostling to offer some form of free trading to users.
Crypto derivatives exchange dYdX said on Monday it is offering free trading to small retail traders across markets. The free-trading offer comes with a caveat: users who trade more than $100,000 per month still incur “low fees,” the company said.
The ongoing “crypto winter” has been heating up competition between crypto brokerages with the biggest exchanges getting even bigger.
DYdX, the largest decentralized derivatives exchange by trading volume, currently has more than 200,000 users. The exchange has a daily trading volume of more than $1.9 billion.
The race to slash fees could signal the start of a fee war that upended the traditional brokerage industry in the last decade, cutting dramatically into profits. Vanguard Group attracted a slew of retail investors with its low-cost index funds; Charles Schwab, TD Ameritrade, E*Trade and Fidelity all cut...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...