This reminds me of 2014, when exchanges were still voting on whether to waive fees. On December 17, 2025, Bitfinex officially announced and implemented a comprehensive zero-fee policy, marking a major shift for cryptocurrency exchanges. Zero-fee coverage includes: - Spot Trading (including crypto spot pairs and margin trading pairs) - Perpetual Derivatives (around 60 contracts) - Tokenized Securities (Tokenized Securities / Spot Securities) - OTC Trading - Applies to all maker (providing liquidity with limit orders) and taker (removing liquidity with market orders) orders, with fees set to 0. This policy applies to all eligible users without requiring any trading volume thresholds, holding LEO tokens, or meeting other conditions. Users don’t need to take any extra steps—eligible trades will automatically execute with zero fees.