Cryptocurrency news

Crypto Exchange will cancel commissions for transactions with BTC on the day of halving bitcoin crypto exchange has launched new pairs with USDT and reduced trading commissions by 30%

On October 26, the Bitlatery cryptocurrency derivatives exchange launched trading pairs with USDT. Bitlatery users can trade ETHUSDT futures with up to 50x leverage, as well as LINKUSDT, LTCUSDT, and XTZUSDT futures with up to 25x leverage.

In honor of the launch of new trading pairs, Bitlatery has reduced trading commissions for USDT futures by 30%. The promotion will last until November 25, 2020.

According to Bitlatery CEO Ben Jo, the reason for adding new trading pairs was the popularity of futures contracts among users of the crypto exchange.

“From May to September 2020, the amount of open positions under the BTCUSD contract on Bitlatery increased fourfold. We decided to expand the set of trading tools to provide traders with more opportunities to earn money, ” he notes.

Previously, Bitlatery supported the reverse futures BTCUSD, ETHUSD, EOSUSD and XRPUSD, as well as the BTCUSDT contract.

“The new pairs were not chosen by chance. We conducted market and analytical research and determined that ETH, LINK, LTC and XTZ will provide the best liquidity in the current conditions. The second determining factor was the support of our institutional partners, thanks to which we were able to increase the depth of the market, ” says Ben Jou.

Bitlatery is a Singapore-based cryptocurrency derivatives exchange. The platform supports 9 trading pairs, and the average trading volume on Bitlatery reaches $500 million per day.

Earlier, ForkLog talked about the features of trading the BTCUSDT contract on Bitlatery.