Bitget, among the leading cryptocurrency exchanges, primarily focused on social trading, announced a few days ago its “Zero Trading Fee” offer, meaning no fees for trading on the spot market.
From 6 September, customers of the Bitget exchange can enjoy zero commission trading on all spot trades, and in addition they can also get the most popular cryptocurrencies at a 50% discount, several airdrops and a prize pool of as much as 1 million BGB.
Gracy Chen, CEO of Bitget, said:
“As developments in crypto have accelerated its visibility to more mainstream audiences, coins like Bitcoin and Ethereum are having their potential recognised. They can serve to diversify portfolios and hedge against soaring inflation. Even in volatile markets, investor interest in cryptocurrency is high. By eliminating trading fees and pioneering exclusive incentives to hold, trade or earn, Bitget hopes to not only benefit professional investors with high trading volumes, but also offer new entrants a way to get into and derive benefit from the market.”
The 1 million BGB prize pool
Trading until 6 October with a volume of more than 500 Tether (USDT) will allow participants to enter the drawing for the final prize pool of 1,000,000 BGB, the platform’s native token.
Prizes will be distributed in proportion to each user’s trading volume during the campaign period.
As for airdrops, Bitget will distribute tokens of different projects to those who hold the BGB token in their wallets.
Bitget and financial inclusion
The initiative aims to expand Bitget’s user base especially to come to the aid of traders in a not particularly rosy market situation caused by the so-called Crypto Winter.
Bitget places great importance on financial inclusion, and this zero-fee offer is one of Bitget’s initiatives to foster and protect investors, also with the goal of increasing the world’s financial independence.
Bitget sponsors Juventus
Unsurprisingly, Bitget is famous in Italy for forging partnerships with soccer team Juventus, but also around the world with eSport tournament organizer PGL and others, highlighting the exchange’s commitment to bridging the gap between the Web3 and the masses.
Among its efforts to protect investor assets, Bitget also recently launched the Bitget Protection Fund, a $200 million emergency reserve to address security issues and rebuild investor confidence.
“Above all, this campaign is underlined by Bitget’s promise of financial inclusion. We are making crypto accessible for anyone with the objective of financial independence, with a robust platform, competitive fees and our Bitget Protection Fund which addresses security concerns in cryptocurrency head on. Ultimately, our platform allows investors multiple avenues to improve their trading plans and hedge risks.”
Founded in 2018, Bitget is currently used by more than 2 million users in more than 50 countries around the world and has a team of 600 people at its core.
In just a few years, Bitget has become the largest platform especially for derivatives trading and is ranked among the top five globally by CoinGecko for derivatives trading by volume.
As mentioned, its function that differentiates it from other exchanges is mainly social trading, which has garnered endorsements from more than 55,000 professional traders, with about 1.1 million followers.