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Crypto Exchange Bithumb Holds Free Trading Event To Boost User Base and Liquidity

Web3 & Enterprise·August 01, 2023, 6:34 AM

Bithumb, South Korea’s second-largest cryptocurrency exchange, has announced a major “no trading fee” event in an attempt to narrow the gap with its competitor Upbit, the leading exchange in the market.

The event started on August 1, with select listed virtual assets available for trading without having to pay a fee on the exchange’s Korean won market.

Photo by Pierre Borthiry — Peiobty on Unsplash

 

Assets with no trading fees

Aptos (APT), Stacks (STX), Flow (FLOW), Sui (SUI), Bitcoin Gold (BTG), FirmaChain (FCT2), Blur (BLUR), Waves (WAVES), Metal (MTL), and Loom Network (LOOM) will be the first assets to have no fees during the event.

The cryptocurrencies eligible for free trading can easily be distinguished by the blue “Free” badge displayed next to their names. Users can also check the full list through the “Fee-Free” category displayed at the top of the exchange chart.

The event is scheduled to continue until further notice and an additional ten assets eligible for free trading will be added every week as well.

 

Boosting liquidity

According to a Bithumb official, the virtual assets to be unveiled later on will be “subject to active domestic and international investment,” and the exchange will strategically select those that have the highest potential to expand liquidity.

Through this event, Bithumb aims to support the diversification of cryptocurrency investors’ portfolios and increase its user base, thereby enhancing trading liquidity.

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