SINGAPORE, Jan. 20, 2022 /PRNewswire/ -- FINXFLO, the
cryptocurrency trading platform that aggregates deep in-market
liquidity to provide best available prices, is pleased to announce
Zero Trading Fees for users.
- Shift to Zero Trading Fees model, strategic focus on user
experience
- Innovation mindset to support evolving market needs and user
growth
- Revenue model to reflect product development and business
sustainability
This announcement strengthens our commitment to the
cryptocurrency trading community, and positively impacts the user
experience as it delivers on serving best available prices. The
Zero Trading Fees model is designed to increase user acquisition
and gain market share of a fast-growing population of
cryptocurrency enthusiasts.
FINXFLO puts the trading community at the heart of our business.
As community feedback and user relationships play an increasingly
critical role in product development, the business will evolve its
current revenue model to charge a spread on orders, aka the
difference between the bid (sell) and ask (buy) prices. We will
pause our Rebate Program in the meantime.
With a global network of liquidity providers, FINXFLO is
confident that cryptocurrency traders will benefit even more from
Zero Trading Fees, some of the deepest in-market liquidity, and
highly competitive, best available prices.
Zero Trading Fees will be available from Jan 20, Thursday, for a limited time, applicable
across all trading volume. To continue enjoying Zero Trading Fees,
users will have to stake a minimum amount of FXF tokens when
platform staking becomes available soon. More details will be
announced.
"We hear the community's sentiments and understand that a
competitive trading fee model is preferred, so we respond with Zero
Trading Fees. We hope this move will be received positively by
traders and encourage them to make more transactions in the coming
week," said James Gillingham,
CEO of FINXFLO.
About FINXFLO
Co-founded by leaders in their respective niches, FINXFLO is a
platform that focuses on changing the cryptocurrency market through
innovation. As the world's first hybrid DeFi/CeFi liquidity
aggregator, FINXFLO brings a one-stop solution for all
cryptocurrency traders. Using only one account with one KYC, our
users tap into liquidity from CeFi and DeFi platforms through a
single user interface. In simple terms, FINXFLO blends the upsides
of DeFi and CeFi ecosystems to produce the ultimate
product.
FINXFLO is a cryptocurrency brokerage aimed at sophisticated
investors. Cryptocurrency is a high-risk asset class and may not be
suitable for retail investors. You should seek appropriately
licensed and independent financial advice before making any
investment decisions with respect to investing in cryptocurrencies.
FINXFLO's Risk & Execution disclosures can be found at
www.finxflo.com/disclosure.
Website: https://www.finxflo.com/