Nxt Exchange DGEX Scraps Fees

DGEX, the original exchange dedicated to the trading on Nxt, has announced the cessation of fees charged to buyers of

DGEX, the original exchange dedicated to the trading on Nxt, has announced the cessation of fees charged to buyers of Nxt:

“DGEX no longer being the only exchange where NXT can be traded, we have decided to do a grand favor for our loyal customers: Effective immediately, NXT withdrawal fee is scrapped to 0%!”

In addition, they have applied a “12%” cut to the commission for selling Nxt, now 0.15%. The fee structure is analogous to the market maker-taker scheme, where those adding liquidity are rewarded and those removing it paying a commission.

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Several exchanges have popped up over the past few months to offer Nxt trading. Nxt’s unique architecture had made it a tougher choice for exchanges to add relative to other coins.

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Without explicitly mentioning them, the memo has Cryptsy in mind. It is the most prominent exchange to have recently added Nxt, providing trading for over 100 other coins. Users had been pressuring the exchange to add Nxt for quite some time.

The move is an aggressive one. Cryptsy charges 0.2% to buy and 0.3% to sell.

Nxt had gained over 20% yesterday, likely due to its addition on Cryptsy.

The exchange has also announced that its virtual public offering has gone well, with 80% of the available shares now taken. Also, it has launched new updates to its offspring client, including blockchain download, publicly viewable account messaging and trade previews.

Nxt now has a market cap of $51M.

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