00:00bigfinex cryptocurrency exchange has reshaped itself into a zero fee trading platform this is
00:08one of the highest uh derivatives volume platform for bitcoin traders and we're doing a deep review
00:15right now of kind of the zero fee trading model the advanced margin and derivatives markets the
00:21liquidity the security the kyc requirements and whether this is the most cost-efficient
00:25professional cryptocurrency trading platform to date right so let's get into it without wasting
00:31any time we've given bigfinex a 9 out of 10 and i'll tell you why it is fundamentally redefining
00:40the position in the landscape it's been around for a very long time it's eliminating all make and take
00:46of fees across spot margin derivatives securities otc markets kind of uh uh transforming itself
00:55into from a niche professional venue to one of the most cost efficient trading platforms so if you're
01:00an advanced trader you want to move high volume spot margin derivatives market makers arbitrages
01:08cost sensitive traders really this is for you right it's uh one of the most historically longest
01:14continuously operating cryptocurrency exchanges with deep bcc and eat liquidity advanced other types and
01:19margin and finding markets as well as professional trading infrastructure kind of uh now
01:25uh transitioning into this product um offering which is a pretty much a zero fee on spot trading on
01:33margin on derivatives and tokenized securities trading and otc trading there are still fees on margin
01:39lending and funding markets okay this is not limited obviously to a one uh time promotion it's actually a
01:45structural shift that bitfinex is uh uh bringing to compete in this uh very competitive space and uh obviously uh
01:54these guys have um seen it uh important to kind of uh change their model from relying on trading fees for the
02:02core uh revenue and uh instead on liquidity depth and alternative revenue streams so you really structurally
02:10attractive for uh scalpers or arbitrage traders and market makers and uh funds with uh thin margins as well
02:19and this actually does impact the leo uh token as well um with the utility because obviously used to get
02:26trading fee discounts uh tiered benefits on holdings uh which have now been eliminated and uh it no longer
02:32provides those trading fee discounts fee based on the incentive tied to kind of spot margin and derivatives
02:38are all removed what remains are none trading benefits uh and margin funding benefits and also other ecosystem
02:45utilities that are still in place which kind of shifts the uh token utility itself uh and also
02:51changes the affiliate program right if you want to get started on uh bitfinex check out the link in
02:55the description but of course uh affiliate commissions now uh double sides trading fees have now been
03:01discontinued and non-trading affiliate earnings like margin funding related activity will actually uh remain
03:08and uh i guess this strengthens uh bitcoin bitfinex's uh credibility in a way prioritizing market
03:14efficiency over my uh marketing incentives and things like that but you know go trade spot trading now
03:20zero fee like i said large uh kind of our volumes there uh you've got margin trading also with zero fees
03:27now uh you know you can have very uh improved uh carry trades or delta neutral strategies and hedged exposure as
03:35well and uh the perp and derivative uh platform also being zero fee execution right now this kind of really
03:44puts it in competition with the binance futures by bit okx but with a clear cost advantage for
03:50execution as well making perp trading a very cost efficient and also the otc and securities trading
03:56zero fee as well liquidity marketing uh market quality and the price discovery day of course incentivized
04:03spreads um being tighter attracting professional market makers to the platform is really going to work
04:10out for them i think long-term improving depth and co-pays and reducing uh those fees for traders will
04:17get them loyalty since they do have a lot of high volume traders if you want to check out the rest of
04:22the review go check it out we've also done a comparative analysis with the binance and bybit and okx
04:29and deribit versus uh using bitfinex so you can go check that out and see which one you want to go for
04:36also the links to those full reviews will be in the actual uh review as well so go check it out like
04:41share subscribe turn on the notifications if you want to learn more there's also a faq section
04:46in the review all links are down below get started
04:50bitfinex the original bitcoin exchange
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