Bitfinex announces large fees for its high-frequency traders

Bitfinex, the cryptocurrency exchange, announced that it is charging a 3% fee on all external wire withdrawal requests that meet the following criteria:

  • More than two fiat withdrawals in any thirty day period.
  • More than $1M in aggregate in fiat withdrawal within a thirty day period.

According to Bitfinex, these changes will only affect less than 1% of its customers. Bitfinex also disclosed that it has processed over 700 withdrawals presenting more than $1B in October 2018. (Source: Bitfinex)

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Bitfinex announces large fees for its high-frequency traders written by Steven Zheng @ https://www.theblockcrypto.com/tiny/bitfinex-announces-large-fees-for-its-high-frequency-traders/ November 11, 2018 Steven Zheng

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