Connect with us

Hi, what are you looking for?

Investing

Jefferies-Backed Tradu Launches Fee-Friendly Crypto Exchange

Tradu, a trading platform owned by Jefferies’ Stratos Group, went live with a new crypto exchange aimed at active traders on Wednesday.

Beginning May 8, crypto traders have the opportunity to invest in more than 40 coins, including Bitcoin and Ethereum on the platform, according to a statement.

In a bid to undercut competitors, the crypto exchange said it significantly lowers trading fees. Tradu claims fees are up to 95% lower than other platforms, with a standard commission of just 0.1% and additional rebates for larger trades. The comparison is based on a standard account type and information from broker websites, the statement said.

“The commission for a 1 BTC trade (at a price of $60,000) is just $30 at Tradu versus as much as $600 at other exchanges,” the company added.

Tradu Offers Institutional-Grade Trading

Tradu, headquartered in London, operates as a multi-asset trading platform. In addition to facilitating crypto exchange transactions, it enables trading across a broad spectrum of assets, spanning stocks, indices, commodities, and forex, totaling over 10,000.

With customer service available 24/5 in 15 languages, Tradu ensures global traders can access assistance and advice whenever required.

“We are bringing institutional-grade pricing and infrastructure to the retail crypto market, providing traders with upfront costs and tight, transparent spreads enabling active traders and investors to maximise their returns,” said Tradu CEO Brendan Callan.

Spot Crypto ETFs Unlock Institutional Floodgates

The approval of spot Bitcoin ETFs in the US and Hong Kong has triggered an influx of institutions into the crypto space. Major players like BlackRock and Fidelity are leading the charge, and traditional finance (TradFi) is scrambling to establish a foothold.

These regulatory green lights allow institutions to invest in crypto through secure channels, fueling wider adoption and boosting the overall liquidity of the market.

The post Jefferies-Backed Tradu Launches Fee-Friendly Crypto Exchange appeared first on Cryptonews.

You May Also Like

Editor's Pick

Real gross domestic product rose at a revised 3.2 percent annualized rate in the third quarter versus a 0.6 percent rate of decline in...

Editor's Pick

For years the North Korean playbook was obvious to the world. The Democratic People’s Republic of Korea wanted to be the center of attention....

Editor's Pick

After the final lecture of my Fall 2022 International Economic Policy course (an undergraduate offering meant to introduce non-economics majors to the economics of...

Editor's Pick

In Risky Business: Why Insurance Markets Fail and What to Do About It (Yale University Press, 2023), economists Liran Einav (Stanford), Amy Finkelstein (MIT),...



Disclaimer: impactofincome.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2024 impactofincome.com