US crypto brokerage firm TradeStation Crypto, on June 1, announced a new price plan that features reduced trading fees for users. The remodeled price plan offers a halving of taker fees, and additional maker fees.
Plantation, Florida situated online financial market operation facilitation firm, TradeStation Group’s digital assets brokerage wing, TradeStation Crypto, on Tuesday, the 1st of June 2021, publicised their newly minted price plan. While restructuring their maker/taker fee regime, the firm also announced zero fees for custody, withdrawal, and deposit activity.
While most trading platforms claim to offer no fees on trades, the cost of trading is usually factored into the cost of holding, or moving crypto onto, or off exchange. In addition to less costly account funding, the platform also offers fee transparency with no attached spread, or markup. TradeStation Crypto also offers quick trade execution, through it’s patent matching engine, connected to a network of deep liquidity providers.
“TradeStation Crypto’s goal is to put the customer first, whether new to crypto or a seasoned crypto trader,” stated James Putra Vice President of Product Strategy at TradeStation Crypto “Not only do we not play games with hidden or embedded fees, we pay our crypto brokerage customers interest on eligible crypto assets in their accounts. We have one of the most competitive crypto offerings in the market.”
Under the new price plan, digital asset traders with holdings below $100,000 in value will enjoy a flat trading rate. On the other hand, traders with crypto value exceeding $100,000 will enjoy a more competitive maker/taker fee structure.
TradeStation Crypto also offers interest – around 6% per annum – for Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and stablecoin USDC. The trading platform’s key differentiator however, is the fact that the digital asset exchange platform offers a self-directed trading brokerage model for cryptocurrency market operation, that traders who operate with traditional financial instruments would be accustomed to, which ensures reliable trade execution, through a network of liquidity providers.
