Deribit Launches Zero Fee Spot Market for Cryptocurrency Trading
On April 25th, according to official Twitter, the cryptocurrency options trading platform Deribit opened its zero fee spot market yesterday evening, offering three pairs of spot tr
On April 25th, according to official Twitter, the cryptocurrency options trading platform Deribit opened its zero fee spot market yesterday evening, offering three pairs of spot trading: BTC/USDC, ETH/USDC, and ETH/BTC.
Deribit has launched its zero cost spot market
In recent years, the world of cryptocurrency has become increasingly popular, with more and more traders interested in the exciting and lucrative possibilities it offers. On April 25th, the cryptocurrency options trading platform Deribit made waves in the industry by announcing the launch of its zero fee spot market.
What is Deribit?
Before delving into the zero fee spot market, let’s take a moment to introduce Deribit. Deribit is a Dutch-based cryptocurrency options trading platform that launched in 2016. The platform offers a wide range of trading options, including options and futures, and focuses primarily on Bitcoin and Ethereum.
The Zero Fee Spot Market
On April 25th, Deribit announced the launch of its zero fee spot market, which offers three new pairs of spot trading: BTC/USDC, ETH/USDC, and ETH/BTC. This is a huge move for Deribit, as it is now one of the few platforms to offer a zero fee spot market.
Unlike other exchanges, which usually charge fees ranging from 0.10-0.50%, Deribit’s zero fee spot market allows traders to buy and sell cryptocurrencies without any fees. This is a huge advantage for traders, as they can now execute trades without having to worry about fees eating into their profits.
Another advantage of Deribit’s zero fee spot market is that it is available 24/7. This means that traders can take advantage of price movements at any time of the day or night, without having to worry about opening and closing times.
How Does It Work?
To take advantage of Deribit’s zero fee spot market, traders need to create an account on the platform. From there, they can fund their account with USDC or BTC/ETH, and then start buying and selling on the spot market.
Traders can also take advantage of Deribit’s advanced trading tools, such as limit orders, stop-loss orders, and more, to execute trades at the best possible prices.
Conclusion
The launch of Deribit’s zero fee spot market is a huge step forward for the cryptocurrency industry, and a big win for traders. By offering a fee-free spot market and 24/7 trading, Deribit has positioned itself as a leading player in the industry.
If you’re interested in trading cryptocurrencies and want to take advantage of this exciting new development, be sure to check out Deribit’s zero fee spot market.
FAQs
1. How can I create an account on Deribit?
To create an account on Deribit, simply go to their website and click on the “register” button. From there, you’ll be asked to provide some basic information, and then you’ll be ready to start trading.
2. What fees does Deribit charge for options and futures trading?
Deribit charges a taker fee of 0.025% for options and futures trading, and a maker fee of -0.025% for options trading only.
3. Can I trade currencies other than BTC and ETH on Deribit?
At this time, Deribit’s focus is primarily on Bitcoin and Ethereum, and they do not offer trading on other currencies. However, they may add additional currencies in the future.
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