SingaporeAnd January 20 2022 /PRNewswire/ – FINXFLO, the cryptocurrency trading platform that aggregates deep market liquidity to provide the best rates available, is pleased to announce that there are no trading fees for users.
- Shift to zero trading fee model, strategic focus on user experience
- Innovation mindset to support evolving market needs and user growth
- Revenue model to reflect product development and business sustainability
This announcement reinforces our commitment to the cryptocurrency trading community, and positively impacts the user experience as it offers the best rates available. The Zero Trading Fees model is designed to increase user acquisition and market share for a rapidly growing group of cryptocurrency enthusiasts.
Finxflo puts the trading community at the heart of our business. As community feedback and user relationships play an increasingly important role in product development, the company will develop its existing revenue model to force a spread on orders, aka the difference between bid (sell) and ask (buy) prices. In the meantime, we will be temporarily suspending the rebates program.
With a global network of liquidity providers, FINXFLO is confident who – which Cryptocurrency traders will benefit most from zero trading fees, some deeper market liquidity, and the best available rates that are very competitive.
Zero trading fees will be available from January 20Thursday, for a limited time, applicable to all trading volumes. To continue enjoying zero trading fees, users will have to wager a minimum number of FXF tokens when staking on the platform becomes available soon. More details will be announced.
“We hear from the community and understand that the competitive trading fee model is preferred, so we respond with zero trading fees. We hope that this move will be positively received by traders and encourage them to conduct more transactions in the coming week,” he said. James Gillingham, CEO of Finxflo.
Founded by leaders in their respective fields, Finxflo is a platform focused on changing the cryptocurrency market through innovation. As the world’s first hybrid DeFi/CeFi liquidity pool, FINXFLO offers a one-stop solution for all cryptocurrency traders. With only one account with one KYC, our users benefit from liquidity from the CeFi and DeFi platforms through a single user interface. In simple terms, FINXFLO blends the positives of DeFi and CeFi systems to produce the final product.
Finxflo is a cryptocurrency brokerage aimed at seasoned investors. Cryptocurrency is a high-risk asset class and may not be suitable for retail investors. You should seek independent and appropriately licensed financial advice before making any investment decisions regarding investing in cryptocurrencies. FINXFLO Risk and Execution Disclosures can be found at www.finxflo.com/disclosure.