Cryptocurrency
Coinbase-backed crypto derivatives exchange cancels trading fees to compete with BitMEX
As reported by The Block, “BLADE, a Coinbase-backed crypto derivatives exchange, has axed its trading fees in a bid to wrest some market share from perpetual swap giant BitMEX. “The San Francisco-based firm recently raised a $4.3 million seed round from SV Angel, A.Capital, Coinbase, Slow Ventures, and others, making it one of the few […]
As reported by The Block, “BLADE, a Coinbase-backed crypto derivatives exchange, has axed its trading fees in a bid to wrest some market share from perpetual swap giant BitMEX.
“The San Francisco-based firm recently raised a $4.3 million seed round from SV Angel, A.Capital, Coinbase, Slow Ventures, and others, making it one of the few crypto derivatives exchanges that are backed by Silicon Valley venture capitalists, according to Blade co-founder and CEO Jeffrey Byun.
“Instead of charging commission fees, BLADE asks for a flat $10 monthly fee that allows users to place trades. By comparison, BitMEX and Deribit charge a 7.5bps taker fee per trade for BTC perpetual contracts.”