Bitfinex has announced the revision of the transaction tariffs. Traders will have to pay 3% fee for large and frequent withdrawals in fiat.
The company has posted the notice on its website about new rules for traders, adding that the new fees will be effective for "more than 2 fiat withdrawals in any thirty day period; and/or more than $1 million in aggregate in fiat withdrawals in any thirty day period".
At the same time, the platform noted that other withdrawals requests will not be subject to new tariffs.
"Regular withdrawals, currently representing the requests of more than 99% of our customers, are unaffected by this change," reads the statement.
According to the data released by the company, fiat withdrawals in October exceeded $1 billion, which probably indicates that Bitfinex may be considered as "the primary fiat gateway in the crypto ecosystem".
In addition, the project team expressed readiness to keep following their path and take measures "to defend the use of an independent fiat gateway" though the exchange suffered from numerous heavy attacks aimed at shaking the crypto sector.
Speaking about the requests that were received before this report, they will reportedly be subject to the previous tariffs.