Coinone Slashes Tether (USDT) Fees Until the 12th… Launches 'Trading King Ranking Event'

Coinone, a South Korean cryptocurrency exchange, announced on the 5th that it is drastically lowering Tether (USDT) trading fees and holding a commemorative 'USDT Trading King Ranking Event.'

The reduced trading fees will be in effect from 3:00 PM on June 4 (Tue) to 11:00 AM on the 12th (Thu). During this period, USDT trades will see a fee reduction to 0% for makers and 0.01% for takers. However, trades via external services, affiliate integrations, or Coinone's Smart Trading auto-trading will retain the original 0.2% fee.

To celebrate the lowered USDT fee, the 'USDT Trading King Ranking Event' will be held twice. From users who register the event code (2506USDT), the top 100 in trading volume will be selected and awarded prizes at different levels. The first ranking round is currently underway and will run until the 6th (Fri). Real-time rankings can be checked on the Coinone ranking board.

The second ranking event is scheduled for next week; additional details can be found on the Coinone website and app.

Lee Seong-hyeon, Co-CEO of Coinone, stated, "To thank customers for their support in the first half of this year, we decided to reduce fees for the top traded assets on the platform. We hope you can take advantage of both the unprecedented fee benefits during this period and the perks of participating in the ranking event."