Overbit’s margin trading platform continues to make greater progress towards becoming the world’s best trading experience. Today we’re announcing tighter spreads on all crypto trading pairs. The new spread is 0.15%. This latest spread change makes Overbit one of the most competitively priced trading platforms globally.
On a typical exchange that charges fees, traders are charged the fees on opening and on closing a position. Using spreads on Overbit, the trader is only charged on opening the position. Therefore, the 0.15% spread is the equivalent of a common 0.075% exchange fee.
The spread is the difference between the Buy price and Sell price of any given trading pair. Currently, Overbit does not charge fees, only this spread. In the near future, traders will be given the flexibility to pay a fixed fee instead of a spread.
“Overbit values our traders’ opinions and we’ve heard your feedback on implementing tighter spreads on our trading platform. To provide our users with more trading options, we have significantly reduced our spreads for a seamless trading experience,” said Chieh Liu, Overbit CEO.
Overbit’s mission is to provide traders with a safe and flawless trading experience where they can conduct margin trading on both long and short perpetual swaps contracts across various financial products.
Experience Overbit’s Trading platform today: https://www.overbit.com/app/
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Margin trading carries a high level of risk to your capital and you should only trade with money you can afford to lose. Margin trading may not be suitable for all traders, so please ensure that you fully understand the risks involved, and seek independent advice if necessary.
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