Vault of Satoshi (VOS) no fees on trades or deposits until July 1, the Canada Day holiday.
Coin-to-fiat trades are normally charged 1% and coin-to-coin trades, 0.2%. Deposit fees range from $1.50 to $7.50 depending on the method chosen.
Adam Cochran, VOS’s director of marketing, also clarified that customers subscribing to the won’t lose out and will be credited.
They also announced progress in their U.S. re-launch, with full trading privileges for South Carolina and Nevada, and coin-to-coin trading for Texas. Later in the summer, additional U.S. and international support is expected.
This is the latest in a series of big moves by the exchange as part of a push to gain market share. One week ago, VOS with its launch of 1-year contracts.
The no-fee trading promotion will be the biggest test-to-date for the relatively new exchange. Traders stand to save substantially relative to other exchanges- the catch-22 being that liquidity will have to rise, and spreads tighten, in order to make a compelling case for traders to switch over. Indeed, redditors have pushed for a 6-month promotion in order to allow time to build up volume.
Currently, their BTC/USD orderbook is showing a bid/ask of $574.90/$584.90, a spread of 1.7%. 24h volume is only 5.23 BTC.
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