CoinW crypto exchange announced the cancellation of trading commissions
Cryptocurrency exchange CoinW has announced the cancellation of transaction processing fees for all spot transactions. 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, zero commission for processing transactions in bitcoins has already been in effect on the CoinW platform. According to Coinmarketcap, over the past day, CoinW has taken the 27th place in terms of trading turnover.
Now CoinW does not charge a commission on all transactions in spot trading. Transactions with ETF products and contract instruments will continue to be subject to fees. However, VIP users will still have discounts on the commission for processing ETF transactions.
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 celebration of the 5th anniversary and clarified that the new rules will be in effect worldwide until further notice.
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