1.2 Million Canadians Introduced to No-Fee Crypto Trading
Canadian Coinberry and Swiss-based BRD announced a partnership, which is set to introduce 1.2 million BRD customers to crypto trading.
New Crypto Trading Platforms Streaming Into the Market
Trading bitcoins and other cryptocurrencies continues to attract investors. For instance, despite a bear market, cryptocurrency trading platforms are still being added to the market. On August 15, 2018, Coinberry and BRD announced a partnership “which will introduce 1.2 million BRD customers to the Canadian crypto trading platform.”
— Coinberry (@coinberryio) August 15, 2018
BRD claims to have been the first cryptocurrency app available in the iOS space. According to the announcement:
Now available via iPhone and Android apps, BRD has customers in 150 countries, and its non-custodial wallet protects approximately 8 billion USD. The partnership between the two companies will introduce BRD’s community of 1.2 million users to Coinberry’s platform.
Coinberry recently became the first federally-registered Canadian company to offer its customers commission-free Bitcoin and Ethereum trading. Additionally, its website advertises that, by using proprietary algorithms and trusted global exchanges, Coinberry can find its customers the best bitcoin and ether rates.
BRD (formerly Bread wallet) has been continuously expanding its services. In April 2018, under a project code-named Augustus, BRD transformed its platform from a simple Bitcoin wallet to a decentralized financial services platform. As a result, BRD users can store and trade the top 100 most popular ERC-20 tokens.
Regarding BRD’s enhanced wallet functionalities, Andrei Polikov, President of Coinberry, declared:
BRD is both a pioneer and technology leader in cryptocurrency, and we are very excited to join forces. BRD’s wallet has all functionality a crypto user could want, and we expect BRD’s community will enjoy taking advantage of Coinberry’s great rates on crypto.
More Options Available for No-Fee Crypto Trading
Because it was previously possible to trade with zero fees on Chinese exchanges, Bitcoin was the darling of traders — specifically, high-frequency traders.
In January 2017, a Bloomberg article entitled “High-Speed Traders Are Taking Over Bitcoin” reported that specialists equipped with the latest technology were executing about 80 percent of Bitcoin trading,
With volumes tracked by Bitcoinity.org surging to a record this month, there’s been no shortage of chances for high-speed traders to turn a profit.
However, Bitcoin trading volumes significantly declined when Chinese exchanges started charging a 0.2 percent fixed trading fee, starting on January 24, 2017.
Since then, Bitcoin has become a more mainstream asset in the financial markets. This status, coupled with the fact that an increasing number of commission-free trading platforms are continually streaming into the market, could result in investors renewing their enthusiasm for Bitcoin trading.
What are your thoughts about Coinberry and BRD? Let us know in the comments below.
Images courtesy of Twitter/@coinberryio, BRD.