Bitstamp to Introduce New Fee Structure
Bitcoin exchange Bitstamp has announced that it will be amending its fees at the beginning of March.
Bitstamp is to simplify its fee schedule next month, a move that will reduce costs for the "vast majority" of clients, according to the company.
The Slovenia-based bitcoin exchange said that the revised charges will go live on 2nd March.
The new fee system, which groups market participants according to the amount of dollars traded over a 30-day period, has significantly lowered the transaction fees charged by the exchange.
The current fee structure states that a buyer or seller trading less than $500 would be subject to a 0.50% fee. However, the revised proposal will mean that traders spending less than $20,000 will incur a 0.25% charge.
A spokesperson for Bitstamp has confirmed that the fee rounding policy will remain unaltered.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.