Key facts
- Bitfinex removed trading fees.
- The exchange experienced increased trading volume.
- Bitfinex saw growth in its customer base.
- The platform's peer-to-peer lending market is valued in the billions of dollars.
The decision by Bitfinex to eliminate trading fees is a significant move in the competitive cryptocurrency exchange landscape. This strategy aims to attract and retain users by reducing the cost of trading, potentially leading to increased market share and activity on the platform.