World Crypto Global
- Written by: Tareq Sikder
- Wed, 08 May 2024
- Israel
Tradu, a multi-asset trading platform, has announced thelaunch of a new cryptocurrency exchange aimed at catering to active traders andinvestors seeking low, transparent fees. The platform, which is part of StratosGroup International, LLC, a subsidiary of Jefferies Financial Group Inc. (NYSE:JEF), boasts a selection of over 40 coins, including popular options likeBitcoin and Ethereum.Fee Savings and Transparent PricingOne of Tradu's key selling points is its focus ontransparency and cost-effectiveness in the cryptocurrency trading landscape.The platform claims to offer savings of up to 95% on fees compared to otherexchanges, with a straightforward fee structure that is displayed to usersbefore placing orders. Tradu charges a commission of 0.1%, with instant rebatesavailable for larger trade sizes. In addition to its commission-based model, Tradu offersclients the option to trade on a commission-free profile, where fees areinstead incorporated into the spread. Brendan Callan, CEO of Tradu, commented: At Tradu, we arereal supporters of crypto. Its a huge market with significant investorinterest and as a true multi-asset trading platform, its important for us tooffer our clients access to both traditional assets and new digital assets. Weare bringing institutional-grade pricing and infrastructure to the retailcrypto market, providing traders with upfront costs and tight, transparentspreads enabling active traders and investors to maximise their returns.Tradu Collaborates with dxFeed for Market Data AccessEarlier, dxFeed,a global financial data solutions firm, initiated an Infrastructure as aService project for Tradu, as reported by Finance Magnates. This partnershippositions dxFeed as the manager of critical infrastructure and data provision,allowing Tradu to focus on core business objectives. dxFeed's IaaS capabilitiesaim to address technical challenges in delivering market data, providing seamlessaccess to data from major exchanges globally. With scalable low-latencyinfrastructure, dxFeed ensures consolidated market data delivery to clientsacross Asia, the Americas, and Europe, accommodating rapid reconfiguration tomeet performance demands.This article was written by Tareq Sikder at www.financemagnates.com.
