[PRESS RELEASE – Majuro, Marshall Islands, 21st September 2022]
What’s better than low fees? Without fees. Gate.io is pleased to announce that there are no trading fees on most trading pairs and contracts. The fee-free structure was launched in two phases, first on September 16 (UTC) and then on September 20 (UTC) for the spot and other markets respectively.
After a year of hacking into the exchange, this drastic fee change is an ambitious move to give back to the crypto community. Fee removal of this magnitude is unmatched by any other major exchange, making Gate.io the most affordable cryptocurrency trading platform in the industry.
Fee free distribution
As a gesture of goodwill to millions of users around the world, maker and subscriber fees on all USD, BTC, ETH and BTC/USDT spot market prices have been completely removed as of September 16 (UTC). From September 20 at 10:00 (UTC) there will be no fees on all ETF pairs, USD-M and BTC-M perpetual futures pairs, USDT-M and BTC-M delivery futures pairs.
US dollar-linked stablecoins such as USDC, TUSD, PAX, BUSD and HUSD are denominated in US dollars and can be traded as US dollar spot pairs with no conversion required and no fees. With stablecoins pegged to the US dollar being the most traded stablecoin on the market, the lack of fees helps make trading a lot cheaper. These reduced fees will remain in effect indefinitely until further notice.
United with the coding community
The cryptocurrency market has been pretty slow so far this year, so Gate.io is lending a helping hand to users so they can weather the storm together.
But recently, Ethereum’s Merge has managed to grab the interest of its supporters and the entire crypto community. The ability to trade ETH at no cost will support the Ethereum community and, in turn, its thriving ecosystem. Regardless of the ongoing bear market, bitcoin is still the most widely traded digital asset. Making BTC a fee-free asset helps ease the trading experience for millions of users.
Less Fees, Less Worries
Gate.io makes trading a safe, easy and cheap experience so that traders can better focus on their positions and strategies and less worry about the rest.
The elimination of trading fees is another improvement to the user experience after Gate.io’s ninth anniversary, which also included rebranding, lower fees and more flexibility across the platform, trading contests with a maximum of millions of dollars in prizes and more.
At Gate.io, the security of user assets is always the first priority. It was the first exchange to offer a verifiable audit of user assets by an approved company, and is currently in the process of further review. This means that all user assets on the exchange are truly held and available for withdrawal at any time.
With nearly a decade of experience in fine-tuning and industrial tuning, Gate.io provides a comprehensive and secure trading experience that is trusted by millions of crypto users around the world. Users can trade 1500+ cryptocurrencies on 2500+ spot and futures market trading pairs, access to lending, contracts, options, NFT, Web3, copy trading, exclusive fee discounts and bonus rewards.
Founded in 2013, Gate.io is one of the pioneers in the cryptocurrency industry. It has built a comprehensive ecosystem, which includes cryptocurrency exchange, public blockchain, decentralized finance, research and analysis, venture capital investing, portfolio services, startup incubator labs and more.
Gate.io offers services related to trading several leading digital assets and has grown to serve more than 10 million users worldwide. It has been consistently ranked as one of the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko and has been rated 4.5 by Forbes Advisor, making it one of the best cryptocurrency exchanges of 2021.
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