Bitcoin.com Launches Crypto Exchange with ‘Negative’ Trading Fee

More than 11,000 traders pre-registered on the platform before the launch.

After publicizing its plans last month, Roger Ver-led Bitcoin.com today launched its much anticipated digital asset trading platform.

To bring traders to the new platform, the exchange is offering a number of promotional offers for the next three months, including a “negative” 0.3 percent trading fees, meaning traders will earn money for the execution of each trades on the platform. This will be valid until a trader reaches a cumulative trade worth $1 million.

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In addition, pre-registered members will receive 25 percent of future transaction fees. All the promotional offers will expire on December 2, 2019.

Carefully picking base currencies

The newly launched exchange is offering digital currency trading options against four major non-fiat base currencies – Bitcoin, Bitcoin Cash, Ether, and Tether. The listings on the exchange include Ripple’s XRP, Litecoin, EOS, Tron, Stellar, Dash, and Zcash. The exchange is also eyeing to add more crypto in the coming months.

Though new to the trading business, Bitcoin.com is one of the most recognizable names in the crypto industry. Led by Roger Ver, the promoters of the platform forked Bitcoin in 2017 to create Bitcoin Cash with a larger block size of 4 Mb.

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The St. Kitts and Nevis-registered platform had already on-boarded 11,000 traders before the launch of its trading services, revealed Danish Chaudhry, managing director of the exchange.

“Bitcoin.com is one of the most trusted brands in the industry,” Chaudhry told Decrypt Media. “We’ve had a great reception from the community already with over 11,000 pre-registers.”

It is also set to compete with major players in the industry, including Coinbase and Binance, per Chaudhry’s statement.

“Crypto is all about accessibility to the financial system. We’ve been on a mission to make crypto usable for all,” he added.

Apart from the crypto exchange, Bitcoin.com also offers a peer-to-peer trading platform for Bitcoin Cash and one of the most popular mobile wallets to store Bitcoin and Bitcoin Cash.

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