Core Viewpoint - Bitfinex has implemented a long-term strategy to eliminate maker and taker trading fees to enhance its market share in the competitive cryptocurrency exchange landscape [1][2]. Group 1: Company Strategy - The zero trading fees will apply to various trading types, including spot trading, margin trading, derivatives trading, securities trading on Bitfinex Securities, and OTC trading [2]. - Bitfinex claims to have multiple revenue streams beyond trading fees, such as withdrawal fees and fees for specific capital market activities [2][3]. - The removal of trading fees is expected to create a competitive advantage, encouraging increased trading from existing customers and attracting new ones, thereby supporting higher volumes and deeper liquidity [3]. Group 2: Market Competition - The cryptocurrency exchange market is experiencing intensified competition, particularly with the rise of decentralized exchanges (DEXs), which are dividing the industry into centralized exchanges (CEXs) and DEXs [4]. - Bitfinex, as a centralized exchange, faces competition from major players like Binance, Coinbase, Kraken, and others [5]. - The emergence of decentralized alternatives has led to significant growth in daily trading volumes, with a peak of $50 billion in January 2025, currently consolidating at $11.63 billion during a bear market [6].
Bitfinex Slashes Trading Fees to Zero in Bold Move Against DEX Competition
Yahoo Finance·2025-12-18 17:34