Cryptotrader adds support for Quoine Exchange offering zero trading fees

Singapore-headquartered Quoine Exchange we learned is now supported by, a cloud-based algorithmic trading platform for Bitcoin and other cryptocurrencies through the Quoine API. Quoine is an exchange offering zero trading fees for the BTC/USD pair. In addition, Quoine offers zero trading fees on all BTC trading pairs except ETH/BTC. It is noted that market data is available from 2015.

This is noteworthy considering the recent fees introduced by popular Chinese Bitcoin exchanges in the wake of Chinese financial regulators probing the exchanges on their operations. Although the fees introduced by the Chinese exchanges were on CNY trading pairs, fewer exchanges are offering zero-fee trading, especially on BTC/USD.

Quoine Exchange is headed by Mike Kayamori whose career spans 20 years where he held senior roles at Mitsubishi Corporation, Globespan Capital Partners, and Softbank Group. Having graduated with a Bachelor of Arts in Law from the University of Tokyo, before going on to complete an MBA at Harvard.

Quoine offers its trading wallet in offline cold storage and supports the following currencies:

Currently, the most popular trading pairs on Quoine are BTC/USD and BTC/JPY, with daily volume reaching 900 BTC and 4,000 BTC respectively.

Quoine put out the following statement on the matter:

From January 2017, greater volume cryptocurrency exchanges in China have all begun charging fees again as a result of investigations conducted by the Chinese government.

While this event has had an effect on the global market, Quoine will keep its zero bitcoin trading fee. Either spot and margin trading fee will stay as it is set currently.

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