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Since the popularity of digital assets led by BTC, trading platforms as the underlying infrastructure, became a popular track for startups. At that time, the digital asset market was a booming scene, with many exchanges emerging. As the market heats up, exchanges are facing a decline in user numbers, liquidity, and talent loss. More and more exchanges are looking for the key to break through, hoping to become the dark horse brand in the current market. As an exchange that provides services directly to users, the best way out is to solve users’ trading problems from the perspective of users.
0 transaction fee on spot helps increase market liquidity!
User-driven service delivery, has always been the core logic of CoinW, to satisfy the market and maintain sustainable development. Based on the original intention of creating value for users and the industry by focusing on user demand, CoinW announced in July 2022, the launch of 0 transaction fee on spot trading.
The 0 transaction fee is not only a significant measure for CoinW to give back to its users, but also an important initiative for market liquidity promotion.
According to statistics, at present, the spot trading fees among the mainstream cryptocurrency trading platforms worldwide, range from 0.02% to 0.5%. For users who trade in the short term, frequent transactions will increase the cost of fees, especially for popular currencies like BTC, where users trade with high frequency and large amounts, and the fees are also high. Therefore, once the 0 transaction fee event was launched, it was warmly welcomed by the majority of users. At present, CoinW has more than 100 currencies with 0 transaction fees, which is the only advantage of CoinW compared to other trading platforms with high fees.
Despite the current state of the industry, CoinW chooses to give profits to users, which is undoubtedly an important measure to increase market liquidity. Under the current fluctuating market conditions, more users are preferring long-term and stable investments. CoinW is motivating users to trade by 0 transaction fees from the perspective of industry development. With no fees concerns, you can buy or sell more freely, without having to worry about losses from large transactions, which naturally meets the trading needs of swing users and greatly increases the liquidity of the market.
In addition, the 0 transaction fee breaks the barrier between beginners and VIP users to a large extent, providing beginners with more considerate services, in terms of both transaction fees and customer service response efficiency.
CoinW secures user transactions:
Recently, due to the drastic changes in market conditions, many investment institutions and trading platforms have been experiencing problems one after another, unable to withdraw their currencies and experiencing shortfalls in capital flow, which has led to the challenge of many exchanges. Transaction security has become the most important concern for users.
In response to the suspension of deposits and withdrawals on many platforms in the market, CoinW has also made sufficient preparations. At present, CoinW cooperates with Hyperpay, a multi-ecological digital wallet, to build HyperLab digital wallet security laboratory, which is committed to developing various security frontier technologies for digital wallets and has more than 30 self-researched security and risk control measures, as well as cooperation with Know Chuang Yu, Ali cloud, Amazon, etc, which has more than 100 security and risk control measures in total. The company provides professional, safe and stable digital asset trading services to global users through strict technical standards and multiple risk control system support. In addition, in April 2022, CoinW made a comprehensive upgrade of system hardware and software, network links were accelerated and optimized, and the system was reinforced with hot and cold wallets to secure user assets more safely, and stability and scalability were better improved.
In the future, CoinW will continue to promote the healthy development of blockchain and digital asset industry and advocate the concept of digital asset value investment. Actively bring users a different trading experience! CoinW is set out to become the most reliable, and secured exchange platform in the ecosystem, with a promising future!
