MoonXBT eliminates transaction fees for multiple spot trading pairs 

Markets•July 9, 2022, 9:45AM EDT
UPDATED: July 9, 2022, 10:39AM EDT
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MoonXBT eliminates transaction fees for multiple spot trading pairs 

Quick Take

  • The move is necessary to lessen the burden on retail investors amid a bear market, the company said.

  • It may add more trading pairs to the no-fee list in the future, based on how its users react. 
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MoonXBT, a Cayman Islands-based crypto social trading platform, is implementing a zero-fee policy on multiple trading pairs for the spot market until further notice, it said today in a news release. 

The zero-fee approach follows that of some major exchanges, including Binance. 

The move is necessary to lessen the burden on retail investors amid a bear market, MoonXBT said, adding that it is one of the few mid-sized crypto exchanges to institute a zero-fee policy in sync with major players. 

MoonXBT has eliminated transaction fees for some bitcoin trading pairs, as well as for ETH/USDT, BNB/USDT, ADA/USDT and XRP/USDT, it said. 

It may add more trading pairs to the no-fee list in the future, based on how its users react. 

Users will have zero fees for both maker and taker orders, without trading volume requirements or other pre-conditions, the company said.