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Zero-Commission Trading Is Coming to Crypto

  • ShapeShift exchange debuts zero fees following user defections
  • Firms are slashing fees as race for market share intensifies
Bitcoin ATM

Photographer: Jakub Porzycki/Getty Images

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Zero-fee trading first came to exchanged-traded funds and then to online stock and option transactions. Now the strategy is spreading into the cryptocurrency sphere.

Seen as the most profitable sector of digital-asset world, trading platforms are feeling the pressure as industry heavyweights such as Binance Holdings Ltd. and BitMex grab market share with both trading volume and coin prices sagging. ShapeShift, which has operated an exchange since 2014, said Wednesday it’s begun offering free “perpetual” trades.