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-0.000972683796709123 -0.0009321553051795 0 0.00129691172894542 -0.00385020669530687 -0.00247223798330232 -0.00295857988165676 -0.00567398881413636
Stock impact report

Bitfinex Slashes Trading Fees to Zero in Bold Move Against DEX Competition [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
Zero trading fees will apply to a diverse set of products and this change has no defined date to end. According to a “Zero Fees Q&A” published by the company on Dec. 18, this new “default” for Bitfinex will apply to spot trading, margin trading, derivatives trading, securities trading on Bitfinex Securities, and OTC trading carried out through Bitfinex. When questioned on how the company would profit without this revenue source, Bitfinex declared having multiple revenue streams other than maker and taker trading fees, including withdrawal fees and fees for specific capital markets activities. “Removing trading fees creates a competitive position. Being recognized as a major exchange that charges no maker or taker fees will encourage increased trading from existing customers, attract new customers who value both low cost and professional infrastructure, support higher volumes and deeper liquidity in key markets, and revenue from lending and other services will rise as customers b Show less Read more
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