20 December 2019 by Antoine
The competition on the market of crypto-currencies is more fierce, to such a point that the stakeholders in the industry are of the feet and hands to clear a path. It is precisely in this perspective that BLADE, the exchange-derived crypto-currencies supported by Coinbase, has decided to remove its costs of trading.
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Compete With BitMEX ?
While its main competitors, including BitMEX, and Deribit, charge for the support of futures contracts on BTC, BLADE , meanwhile, has decided to give up the commission costs within its platform.
According to the announcement of the crypto-exchange, this measure would be effective by the end of February 2020.
This policy of abolition of fees will allow the BLADE to acquire a good portion of the market share of BitMEX.
Indeed, although Bitmex has faced some difficulties recently, it still reigns supreme on the derivatives market of crypto-currencies.
Jeffrey Byun, co-founder as well as CEO of the BLADE, said :
“If we provide liquidity and competitive costs significantly lower, I think we will attract a significant market share “.
Jeffrey Byun – founder of Blade
The company already reflects a very good image
In addition to this novelty, the company has also been able to raise table 4.3 million dollars from investors such famous as SV Angel, A. Capital, Coinbase, Slow Ventures, and others.
Byun has extolled the merits of his company, arguing that BLADE is now part of the few derivatives exchanges of crypto-currencies financed by venture capital investors in Silicon Valley.
Do you think that BLADE would oust BitMEX with this new measure ? Respond in the comment section below.
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