Currency.com waives margin-trading fees on tokenised assets

The cryptocurrency exchange Currency.com has waived the margin-trading fee until 31 January 2021. Representatives of Currency.com told ForkLog.

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Clients are exempt from the trading fee (with leverage) for 1,559 instruments: stocks, bonds, stock indices, ETFs, currencies, and commodity assets in tokenised form. The margin fee remains. The offer does not apply to cryptocurrencies and DeFi tokens.

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“Due to instability in the global economy, virtually all traditional assets are under heavy pressure. We have waived the trading fee for tokenised stocks, commodities, currencies, bonds and other assets. This will allow users to hedge price risks more effectively and reduce trading costs,” said Nikolai Markovnik, Deputy Director of Marketing and Advertising at Currency Com Bel LLC.

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Tokenised assets on Currency.com are ERC-20 tokens that reflect the real market value of traditional assets. Some companies, for example Apple, Microsoft and ExxonMobil, pay dividends on their shares. On Currency.com, holders of tokenised shares of such companies receive a dividend adjustment.

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The Currency.com exchange has been a resident of the Belarusian High-Tech Park since January 2019. In July 2020, Currency Com Limited received a DLT license from the Gibraltar Financial Services Commission.

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Earlier in October, Currency.com added to listing DeFi project tokens Chainlink (LINK), Compound (COMP) and Uniswap (UNI).

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