September 21, 2022 – Majuro, Marshall Islands
What’s better than low fees? No charge. Gate.io is excited about to announce zero trading fees on most trading pairs in the spot and contract market. The fee-free structure was launched in two phases first on September 16, 2022 (UTC), and then on September 20, 2022 (UTC), for spot and other markets, respectively.
After a landmark year for the exchange, this radical change in fees is an ambitious move to give back to the crypto community. Removing fees on this scale is unmatched by any other mainstream exchange, making Gate.io the most affordable crypto trading platform in the industry.
As a gesture of goodwill to millions of users worldwide, maker and taker fees on all spot markets USD, BTC and ETH listed currency pairs and BTC/USDT have been completely removed as of September 16 (UTC). From September 20 at 10:00 (UTC), there will be no fees for all spot ETF pairs, USD-M and BTC-M perpetual futures pairs and USDT-M and BTC-M delivery futures pairs.
USD-linked stablecoins such as USDC, TUSD, PAX, BUSD and HUSD are denominated in USD and can be traded as USD spot pairs with no conversion required and no fees. Since USD pegged stables are the most commonly traded stablecoins on the market, the no fee helps make trading much cheaper. These reduced fees will remain in effect indefinitely until further notice.
United with the crypto community
The crypto market has been pretty sluggish so far this year, so Gate.io is reaching out to users so they can weather the storm together.
Although recent, Ethereum’s merger has managed to generate interest from its supporters and the entire crypto community. The ability to trade ETH at no cost will support the Ethereum community, and by extension, its thriving ecosystem. And regardless of the ongoing bear market, Bitcoin still stands as the most traded digital asset by a wide margin. Converting BTC to a fee-free asset helps ease the trading experience for millions of users.
Fewer fees, fewer worries
Gate.io makes trading a safe, easy and inexpensive experience so that traders can better focus on their positions and strategies and worry less about the rest.
The removal of trading fees is another improvement to the user experience following Gate.io’s ninth anniversary, which also included refreshed branding, lower and more flexible fees across the platform, trading competitions with multi-million dollar maximum prize pools and more.
At Gate.io, the security of user funds is always the number one priority. It was the first stock exchange that enabled a verifiable audit of user asset reserves by a certified firm and is currently in the process of another auditall user assets on the exchange are actually held and available for withdrawal at any time.
With nearly a decade of refinement, fine-tuning and industry experience, Gate.io provides a comprehensive and secure trading experience trusted by millions of crypto users around the world. Users can trade over 1,500 cryptocurrencies on over 2,500 trading pairs in the spot and futures markets and access lending, contracts, options, NFTs, Web 3.0, copy trading, exclusive discounts and bonus rewards.
Founded in 2013, Gate.io is one of the pioneers in the crypto industry. It has established a comprehensive ecosystem, which includes cryptocurrency exchange, public blockchain, decentralized finance, research and analysis, venture capital investment, wallet services, startup incubator labs and more.
Gate.io offers services related to the trading of several leading digital assets, and has grown to serve over 10 million users worldwide. It is 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 Cryptocurrencies of 2021.’
Dion Guillaume, Head of PR and Communications for Gate.io