Virtual asset exchange Coinone announced on the 5th that it will reduce the Tether (USDT) trading fee rate until 11 am on the 12th.
During the fee rate reduction period, the maker fee for USDT trading will be 0%, and the taker fee will be reduced to 0.01%. However, for transactions through external services or affiliate integrations, and automatic trading through Coinone Smart Trading, the existing fee rate of 0.2% will be applied.
To commemorate the USDT fee rate reduction, they will also hold the 'USDT Trading King Ranking' twice. This is a content where participants compete in USDT trading volume for a large prize. Participants can join after registering an event code. Prizes will be differentially awarded to the top 100 participants in USDT trading volume at the end of the ranking.
Participants can check their rankings in real-time on the Coinone ranking board. The first USDT Trading King Ranking, with a total prize of 2000 USDT, will be held until June 6th. The second ranking will be held in the following week.
Coinone co-CEO Lee Sung-hyun said, "To repay the customer support received by Coinone in the first half of this year, we planned to reduce the trading fees for the top trading volume items" and "We hope customers can enjoy the unprecedented fee benefits during the fee reduction period and participate in the ranking event."
