Trading cryptocurrency has becoming more fun than ever and now bitcoin traders are able to take advantage of a cashback system that is new in the cryptocurrency market.
On May 1, one of the top-10 cryptocurrency exchanges - EXMO - announced the launch of a brand-new Cashback system, becoming one of the first cryptocurrency platforms offering such an option on the market.
The new “ Cashback” system provides a number of advantages for users, like daily cashback crediting and up to 70% of commission can be returned. Cashback has a flexible rate which is determined in accordance with trading volume over the last 30 days. It means also that the more you trade monthly the more extra you get back.
Unlike any other loyalty programs on the cryptocurrency market, the EXMO cashback system doesn’t require a trader to buy a specific token designed for this loyalty program. To date, EXMO has more than 40 cryptocurrency and fiat trading pairs and this number is growing. Recently, the EXMO cryptocurrency exchange integrated BTC/PLN and ETH/PLN trades, which has enabled Polish users to trade using Polish zloty. All registered users of the EXMO platform automatically become participants of the Cashback program.
Ivan Petuhovskii, co-founder of EXMO exchange, commented:
“As long as cashback is credited in transaction currency, it lowers currency risks. We believe that this distinctive advantage will enable our traders to decrease currency risks under the high market volatility conditions”.
The EXMO cryptocurrency platform is providing users with the capability to regulate cashback rates on their own by increasing trading volume. The new Cashback system implies that cashback rates are divided into “Taker” and “Maker” depending on the type of trading operations with traders, who have performed with market orders and executed limit orders, are paid off under “Taker” rate; and traders, who have performed with limit orders, are paid off under “Maker” rate.
Traders “Takers” that have a monthly trading volume of more than $100,000 and up to $200,000 can get up to 5% cashback of the commission paid, while “Makers” having the same trading volume get 10% cashback. As more as you trade – as more you get. “Takers” with monthly trading volume more than $40 million get 35% cashback and “Makers” can even return 70%.
To find out more to follow updates on EXMO official website and social media channels: Telegram, Facebook, Twitter. View the EXMO Youtube-channel to learn more about cryptocurrencies and trading on the exchange.
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