Gate.io Extends Zero-Fee Trading, Launches $20k Spot Grid Trading Event
Whether you’re a Bitcoin maximalist, a “degen,” or fall somewhere in between, there is one common consensus: excessively high fees are universally disliked.
Looking to lend a hand to traders during the 2022 market downturn, the leading crypto exchange Gate.io launched its zero-fee trading program. Now, months later and during 2023’s relatively positive market, Gate.io has again extended feeless trading on its exchange and introduced $20,000 in prizes for zero-fee spot grid trading.
No fees. No worries.
While several exchanges announced the removal of fees last year, most were short-lived and only on a select few pairs. However, Gate.io’s ongoing zero-fee trading program applies to over 1,000 trading pairs across the spot, perpetuals, and P2P markets and spot grid trading. In addition, Gate.io has continued to extend zero-fee trading several times this year.
Gate.io’s zero-fee program applies to the following markets and pairs:
- Spot Market: BTC/USDT, /USD, /BTC, /ETH (maker)
- Perpetual Futures: BTC-M (maker & taker)
- P2P: All pairs (buyers & sellers)
Any traders on Gate.io can benefit from the zero-fee program regardless of their level of trading activity. The program is active on all platforms, including web, mobile, desktop, and through the API. However, it has yet to have a definitive end date, as Gate.io has regularly updated the program’s scope.
Win from a $20,000 prize pool
In addition to the zero-fee trading extension, Gate.io has also put up $20,000 in prizes for strategy bot traders who regularly use grid trading on the spot market. There are two ways to win a share of the $20,000 prize pool. The first event ranks each user’s grid trading volume on zero-fee spot pairs throughout the event, with the top 20 traders receiving a prize. The second event will hand out prizes to the top grid traders using zero-fee spot pairs, with rankings based on the highest annualized yield.
The activity runs from May 9 until May 23, 2023. Further details and rules for the activity are outlined in the activity announcement.
Trading bots made easy with AI
Gate.io’s Strategy Bot platform is one of the most robust tools for creating automated trading strategies. It allows traders to automate their trading activity by creating or copying strategies that automatically place buy or sell orders on the spot and futures markets. The platform also serves as a repository where traders who are inexperienced in creating bots can copy the strategies of other, more experienced traders.
Strategy creators can leverage the ‘AI smart grid’ tools that use artificial intelligence to help build strategies optimized to balance potential risks with potential profits in a dynamic market. The interface is easy-to-use, and strategies can be created without much fuss. Traders and strategy creators can begin building or copying strategies straight from the Strategy Bot page on Gate.io, where they can find a list of active and successful strategies.