Cryptocurrency Exchange AlphaBit Starts Commission-Free Trading
The new exchange, which is launched by Singaporean entrepreneur Calvin Cheng is the irst in the world to offer zero transaction fees when trading blockchain assets to a broad base of investors.
The Cryptocurrency Exchange AlphaBit (ABCC) launched on 9th April is currently slated to open to the public on 28th April 2018. It is the first existing crypto exchange in the world to offer commission-free trading for cryptocurrency traders.
This is in line with the company’s philosophy of creating an open, frictionless and participatory ecosystem in which investors can identify valuable blockchain assets, and tap on the exchange’s secure online trading platform and accompanying professional trading services to trade efficiently.
ABCC has a purpose to support mass involvement in the trading of these cryptocurrency assets to leverage on their benefits. Blockchain and the digitization of assets will be an integral part of the future of advanced economies.
The exchange follows the traditional business models of e-commerce sites, where users enjoy the benefits of incurring no transaction fees. The exchange will focus on listing existing mainstream and alternate cryptocurrencies.
Mr. Cheng, a Singaporean entrepreneur and former parliamentarian who has already achieved success in the technology sector said;
“I believe that entrepreneurs in the blockchain field need to proactively create a healthy industry environment as well as follow a sustainable business model. As the industry matures, these blockchain projects need real world applications which generate real social value. Through ABCC, we hope to alleviate this problem by encouraging more users to have a frictionless experience when trading cryptocurrencies.”
The AlphaBit exchange team consists of 20 core members, who have considerable skills in the internet, finance, media, fashion, and management consulting industries. Many of the team have worked together in the past, ensuring a solid foundation of trust throughout the entire project.