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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.

The Bitstamp booth at the Blockchain Week Summit in Paris.

Photographer: Benjamin Girette/Bloomberg
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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scuttled a plan to start charging non-US users 10 euros ($10.18) a month on accounts that haven’t traded, deposited, withdrawn or staked assets for a year with a total balance of less than 200 euros, a third-party spokesperson confirmed in an email to Bloomberg on Wednesday.