Bitget launches commission free spot trading

Rick Steves

“With the Zero-Fee campaign coupled with a string of incentives, we aim to support different types of traders.”

Bitget has launched Zero Fee trading on spot markets and is promoting the new service with exclusive bonuses, including a prize pool of US$300,000 and a reward pool of one million BGB.

The crypto platform focused on social trading is said to serve two million users in more than 50 countries around the world. Its users have already started enjoying the perks of spot trading when Bitget kicked off its Zero Fee campaign at the beginning of September.

At the time, Bitget announced spot trading incentives including 50% discounts on buying ETH in anticipation of the Ethereum Merge.

Helping users navigate this crypto winter with further facilitations

Bitget is now doubling down on its promotional stint by calling users to trade on the spot market with more than 500 USDT in order to share an ultimate prize pool of 1 million BGB, Bitget’s fast-growing native platform token. New users can share in a prize pool of $300,000, reserved for late entries.

The crypto platform also offers access to lower trading fees and bespoke customer service as a new VIP member when one deposits a total of 30,000 USDT.

Gracy Chen, Managing Director of Bitget, commented: “Investing in cryptocurrencies is still gaining traction despite turbulent market conditions. With the exclusive perks, traders would be in a better position to capture the window of opportunity even during a market downturn. Bitget always exerts itself to provide competitive fees and accessible services. In parallel to that ethos, Zero-Fee trading and exclusive schemes are among those efforts by Bitget to assist its investors.”

“With the Zero-Fee campaign coupled with a string of incentives, we aim to support different types of traders. By eliminating trading fees and providing attractive benefits, this initiative will be beneficial to both veteran traders and new entrants, helping them navigate this crypto winter with further facilitations.”

Bitget launched $200m protection fund

Bitget has launched a US$200 million protection fund in order to ensure its users that their assets are safeguarded despite the volatility from the bear market which triggered recent incidents that threatened the trust of traders worldwide.

The Bitget Protection Fund addresses the increased needs for security stemming from the ‘crypto winter’ which saw leading names within the space quickly shutting down and losing client money.

The collapse of Terra/LUNA and Celsius were the most covered by the media, but they were not the only firms to have folded, leaving clients stranded. Although Bitcoin has been able to restore the $20,000 mark as it currently trades at $24,000, fears that the ‘crypto winter’ is not over yet persist.

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