Coinbase-Backed Blade to Offer Zero-Fee Crypto Trading

Crypto derivatives platform Blade announced on Wednesday that it will offer zero-fee trading for its customers as of February.

Blade offers perpetual crypto contracts with a maximum Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term of 150:1. Though similar to other futures contracts, these contracts do not have an expiry date, meaning the traders can hold them as much as they want without any risk of liquidation.

The Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term is also considering to scrap the $10 monthly fees it levies on the traders for using its platform.

New platform with innovative ideas

Launched last September, Blade is primarily targeting the lucrative east Asian markets with its upcoming products. As seen on its website, the platform offers six trading pairs, two against fiats - US dollar and Korean won - while the rest four are listed against USDT.

Except for the two fiat-based products, the rest are listed as vanilla contracts, meaning they provide the trader the right, but a mandate, to buy the contract.

Though headquartered in San Francisco, the trading services at the platform are not available to traders based in the United States due to regulatory restrictions.

With bullish signals in the spot market, the demand for crypto derivatives is skyrocketing and major platforms. Though major platforms like BitMEX are dominating in the derivatives space, small players like Blade are still entering the market targeting niche traders.

The exchange platform is likely to attract the attention of high-frequency traders who enter and exit the market in seconds, booking fractions in profit in a single trade.

Prior to its launch, the derivatives exchange raised $4.3 million in a seed funding round from Silicon Valley giants like Coinbase, SV Angel, A.Capital, Slow Ventures, Justin Kan, and Adam D’Angelo.