OKEx to Change Spot Market Fee Calculating Procedure

The changes will affect primarily large traders - the requirements for the volume of trading for a number of levels will be increased 10 times
27 March 2019   316

OKEx announced a change in the procedure for calculating fees for the spot market traders. New rates come into force on March 29.

As before, OKEx will use a multi-level system where the amount of commissions charged depends on the trader’s trading volume for the last 30 days, measured in bitcoins.

OKEx Spot Trading New Fees
OKEx Spot Trading New Fees

The changes will affect primarily large traders - the requirements for the volume of trading for a number of levels will be increased 10 times. At the same time, commissions for makers will be reduced by a smaller amount.

Another change was the emergence of the ability to pay commissions in the margin trading of loyalty points. Now the loyalty points earned by users, which can be viewed in the “Spot Account - Loyalty Points” tab, apply to both spot and margin trading.

Hacked Zaif Exchange to Resume Operations

It was hacked in September last year,  about $60 million in cryptocurrency was stolen from its platform
22 April 2019   84

Japanese cryptocurrency exchange Zaif announced that it will complete the transition from the Tech Bureau to the Fisco Digital Asset Group (FDAG) on April 22 and resume normal operation the next day, Cointelegraph reportes.

In September last year, the exchange underwent a hacker attack when about $ 60 million in cryptocurrency was stolen from its platform, including Bitcoins, Bitcoin Cash and Monacoin. As part of the compensation plan to users, FDAG exchange acquired a large stake in Zaif business and transferred to the Tech Bureau over $ 44.6 million.

According to an earlier announcement of the exchange, 40% of the lost funds will be compensated to users by Fiat, and the remaining 60% - to the cryptocurrency, which will be available for withdrawal on April 23.