Bitfinex, the crypto exchange affiliated with Tether, has officially removed all maker and taker trading fees across its platforms.
The zero-fee policy applies to spot, margin, derivatives, Bitfinex Securities, and over-the-counter (OTC) trading. Unlike typical fee promotions, Bitfinex confirmed this is a permanent change, with no end date currently set.
The exchange cited several reasons for this decision. Trading fees have traditionally been a high cost for market participants. By removing them, Bitfinex aims to make trading more accessible and cost-efficient for all customers.
The company aims to enhance its position as a professional-level exchange with one of the lowest trading environments among large exchanges.
It also aims to offer a zero-fee option for trading, which will further enhance the efficiency of trade by allowing the user to scale and alter their positions with zero fees affecting their returns.
Also Read: Tether and Bitfinex Secretly Transfer 25K+ BTC to New Bitcoin Giant
All Bitfinex users who trade qualified products will automatically receive free maker and taker fees. Bitfinex does not require any conditions, such as trading volume or tier status, or even holding UNUS SED LEO tokens, to get free fees.
The free fees apply to all trading pairs, regardless of spot, margin, derivative, securities, or OTC trading.
Some fees remain the same, including margin lending, derivative funding, and deposit and withdrawal fees. The rebate for developers that was related to trading fees is not available because there will be no fees to rebate.
The original fee structure applies to open positions, but subsequent changes and new positions will follow the zero-fee structure.
Bitfinex designed its platform to be able to sustain high activity. The platform has a fast order matching engine that is able to execute orders in only four milliseconds. Since 2012, the platform has remained operational even when the markets are busiest.
Although trading fees are now zero, Bitfinex generates revenues through other sources, including service fees, lending, and capital markets. Eliminating trading fees may attract more users, trading, and market activity to Bitfinex.
However, trading partners will not generate commissions through trading fees, but commissions through margin lending and other sources are still achievable.
Also Read: Bitfinex Whale Buys 300 BTC Daily Using TWAP Strategy Amid Market Crash

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