CoinUp Slashes Spot Trading Fees to 0%, Targets Global Multi-Asset Trading

BlockBeats news, September 14: CoinUp announced a limited-time reduction of spot trading fees to 0%, while contract Maker fees for users meeting the event criteria will also be reduced to 0%. The platform stated that in the future, it will evaluate expanding the 0-fee model to more business scenarios based on the market structure, liquidity, technical costs, and partnership models of different products.

CoinUp founder Queenie Li stated that the true trading cost has never been just the fee. Fee + Spread + Slippage is the real cost of a trade. Zero fees are an important direction for reducing users' trading costs. "When we reduce Maker Fee to 0%, we give up a portion of fee revenue, but we hope to gain more orders, better depth, smaller spreads, and a better trading experience. 0% Maker Fee should not just be a campaign, but should become part of CEX's long-term efficiency improvement. If the ultimate result of improved platform efficiency cannot return to users, then such efficiency has not truly created value. What CoinUp wants to do is leave efficiency to the market and reduce costs for users. 0% is just the beginning."