Cryptocurrency exchange Bitstamp has said that a subscription fee will be automatically applied to accounts with less than $200 in assets that have not traded for 12 months or more.
Perhaps, with the help of this commission, the management of the exchange is trying to get at least some profit against the backdrop of a fall in the cryptocurrency market and trading volumes. The subscription fee will begin to be debited from August 1 this year, and its amount will be 10 euros. Interestingly, US users will be spared from paying fees.
“The majority of users will not be affected by this inactivity fee. Nobody likes monthly fees and commissions (and neither do we!). However, keeping inactive accounts comes at a cost. And in order for us to continue to provide high-quality services to all our clients, we have made this difficult decision,” the exchange said in a statement.
The volume of trading on cryptocurrency exchanges in June this year amounted to $622 billion. The sites are looking for various opportunities to generate additional income. For example, the Coinbase exchange launched testing of the Coinbase One subscription last fall, which will allow zeroing commissions for traders.
Source: Bits
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