Editor's PiCK
Democratic Party of Korea Begins Discussion on Lowering Cryptocurrency Trading Fees
Son Min
Summary
- The Democratic Party of Korea is reportedly considering reducing cryptocurrency trading fees.
- They are discussing lowering the average cryptocurrency fee to the stock level of 0.015%.
- An analysis of the impact of fee reductions on exchanges is underway.
The Democratic Party of Korea is reportedly discussing the reduction of cryptocurrency trading fees.
According to industry sources on the 2nd (local time), the Democratic Party of Korea is considering lowering the average cryptocurrency trading fee, currently at 0.05%, to the domestic stock average fee of 0.015%. To this end, an analysis of the impact of fee reductions on cryptocurrency exchanges is also underway.
Meanwhile, the current Korean won trading fees for Upbit and Bithumb are approximately 0.05% and 0.04%, respectively.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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