Cryptocurrency trading platform PrimeXBT announced on Thursday its new fee system, which lowers fees up to 50% for active traders. The platform reported that it continues to grow its competitive advantage by reducing the already low fees offered on its advanced trading platform, encouraging increased trading activity and allowing traders to retain even more of the profit generated from successful positions.
“The newly introduced fee structure applies to all of the assets traded on PrimeXBT, including forex, stock indices, commodities, and cryptocurrencies, across all trading fees. The discounted fees are designed not only to reward the most active users on the platform with even larger profit margins and faster capital growth but will also encourage and promote additional growth and trading activity on the platform.”
The fee system includes three different discount levels, including:
- 0 – 300 BTC Turnover (30 day rolling): This trading tier will have access to PrimeXBT’s recently-reduced, competitive trading fees
- 300 – 600 BTC Turnover (30 day rolling): Traders with over 300 BTC and up to 600 BTC turnover within a 30-day period will have access to an exclusive 25% discount
- 600+ BTC Turnover (30 day rolling): The highest level of savings is awarded to traders on the platform with 600 BTC or greater turnover within a 30-day period, with an exclusive 50% discount – twice the savings of the second level
PrimeXBT officials went on to add:
“Because we offer exposure to so many different assets and markets, and cater to both novices and experienced professional traders, the range in capital and therefore trading turnover varies by a wide margin,” adding that “new traders will enjoy our competitive fees, while the most active traders on our platform will be rewarded with up to a 50% reduction in trading fees across all assets.”