BitFlyer, the leading Japanese crypto exchange which entered the US market at the beginning of this year, is raising its trading fees.
Zero per cent trading fees are now a thing of the past for bitFlyer clients according to an email sent today.
The new bitFlyer fee schedule is structured into three trading volume tiers and is as follows:
| Past 30 Day Volume | Taker | Maker |
|---|---|---|
| $0m - $1m | 0.12% | 0.12% |
| $1m - $10m | 0.07% | 0.07% |
| $10m+ | 0.02% | 0.02% |
On bitFlyer's Lightning FX network clients can trade on margin, with leverage of up to 15x.
BitFlyer is not offering market makers a lower fee structure as, for example, Bitfinex and many other exchanges do. By way of comparison Bitfinex fees are lower for makers.
Bitfinex trading fees schedule:
| Executed in the last 30 days (USD Equivalent) | Maker fees | Taker fees |
|---|---|---|
| $0.00 or more traded | 0.100% | 0.200% |
| $500,000.00 or more traded | 0.080% | 0.200% |
| $1,000,000.00 or more traded | 0.060% | 0.200% |
| $2,500,000.00 or more traded | 0.040% | 0.200% |
BitFlyer is expanding globally and has also targeted the European market for expansion, opening shop in the European Union in January.
In a sign of the the competitive pressures facing cryptocurrency exchanges, Coinbase is thought to have seen trading volumes collapse 83% since December.
Posted from Coinintelnews.com with SteemPress : https://coinintelnews.com/bitflyer-trading-fees/