Cryptocurrencies
Crypto Exchange Bitstamp Cancels Plans for ‘Inactivity Fee’
- Customer response was a cataylst for the reversal, CEO says
- Bitstamp says it has no exposure to companies ‘under stress’
The Bitstamp booth at the Blockchain Week Summit in Paris.
Photographer: Benjamin Girette/BloombergThis article is for subscribers only.
Crypto exchange Bitstamp canceled a planned “inactivity fee,” reversing course just five days after announcing the charges.
The Luxembourg-based company scuttled a plan to start charging non-US users 10 euros ($10.18) a month on accounts that haven’t traded, deposited, withdrawn or staked assets for a year with a total balance of less than 200 euros, a third-party spokesperson confirmed in an email to Bloomberg on Wednesday.