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Seed CX Slashes Rates as Crypto Trading Fee War Looms

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Cryptocurrency exchange Seed CX has cut its fees to gain market share as competition piles into the crypto trading space.

Margin compression across the industry is the result of the most popular exchange services become commoditized as crypto usage proliferates.

Fees for takers is down to five basis points from eight bps on the Seed Digital Commodities Market, while makers, who previously traded on the exchange for free, receive one bp rebate.

In an interview, Seed CX co-founder Edward Woodford told CoinDesk that the fee cuts came on the heels of a record $20 million daily trading volume recorded last week, beating ...

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