Bitfinex, a veteran whale trading platform, launches a long-term promotion of "free transaction fees" Recently, the Bitfinex exchange announced a major event: Activate zero transaction fee trading mechanism, including spot, contract, OTC ‼️」 To be honest, I was quite shocked when I first saw this news, After a little research, I roughly understood the official thoughts of Bitfinex, Here is a brief introduction to the key points for everyone ： The Importance of Transaction Costs Most of the time, many retail investors are actually unaware of the importance of "transaction fees". In the field of trading, all transaction costs incurred during the buying and selling process may seem insignificant, In fact, it will have a huge impact on long-term performance. For example, if there are 100 transactions and a profit of 1% each time, After 365 consecutive transactions, if there is an additional '0.1% transaction cost', Performance may differ by more than 1000% ‼️ I have emphasized this concept to everyone in the "Trading Concept Supplement (1)", Interested friends can refer to the following citation // Some Q&A Below, I will present some personal research conclusions for your reference. one ️⃣ Is it really zero transaction cost? Yes, all maker and taker fees for spot trading, leverage trading, derivatives trading, and OTC trading have been removed. two ️⃣ Is this a long-term policy or a short-term activity? The 'long-term policy' can also be referred to as the 'new standard' of the Bitfinex exchange. three ️⃣ Why is the exchange suddenly launching a zero fee activity now? I spent some time researching and the current official statement is: Revenue does not rely solely on fee income and accelerated user usage, The operation of the exchange itself is normal, and the activity itself hopes that more people can use better trading tools. four ️⃣ So, what is Bitfinex's source of revenue? As far as I know, their main profit engines currently include: ✅ Leveraged lending fees ✅ Capital Market Services (Bitfinex Securities) ✅ Service fees (such as withdrawal fees) ✅ For institutional products ✅ Infrastructure&Technical Services // Finally, if you are: ➡️ Friends who want to diversify exchange risks ➡️ Friends who use Bitfinex products ➡️ Friends who want to save transaction friction costs ➡️ Friends who simply want to trade with giant whales Perhaps the emergence of this event happens to be a good time to join The above information is shared with friends in need