No trading fees on GLBSE for two days!

[Nefario]

We've just launched the latest version of GLBSE, and to celebrate we've dropped all trading fees for the next two days.

[Sukrim]

Dump ALL the shares!!!1112!


Congratulations on the "re-relaunch"!

[REF]

We've just launched the latest version of GLBSE, and to celebrate we've dropped all trading fees for the next two days.

ahh now I know why everything in the fees section showed 0BTC. Thanks for the celebration/promotion

[terrytibbs]

Gee, this really makes up for the massive increase in fees that follows. Thanks!

[Nefario]

Gee, this really makes up for the massive increase in fees that follows. Thanks!

Actually we'll be lowering fees for sellers(0.4% instead of 0.5%), new asset fees unchanged, adding a fee for buyers (normal on every bitcoin exchange,0.4%), and adding a small 0.2% fee (sender only) for non BTC transfers of assets over 20BTC volume(total volume traded over the assets lifetime).

We're also dropping all trade fees for liquidity providers (contact me if you're interested).

[MPOE-PR]

(normal on every bitcoin exchange,0.4%)

This is not actually true. The only other exchange has a 0.2% fee for sellers only. You're going from 2.5x the fee to 4x the fee.

[Sukrim]

Maybe he meant Bitcoin <--> fiat money exchange, like MtGox?

Anyways, for now I'm fine with small (0.4%) fees instead of a flat fee per month, as smaller traders might have more incentives to trade this way, not "go big or go home".

It might be useful however to have a "Pay x BTC for 1 month/30 days without fees" plan as well, for bigger traders.

[MPOE-PR]

Anyways, for now I'm fine with small (0.4%) fees

Except the fee is 0.8% not 0.4%. It used to be 0.5% and so yes, I guess you would be ok with it going down to 0.4 from 0.5%. This fancy however has little to do with reality.

[Sukrim]

I mostly bought so far, so nearly no fees for me yet - also I thought of setting up a broker account maybe later which might do enough volume to be able to get around fees should I ever feel limited by them...

Oh and by the way: The "other exchange" charges 20 BTC upfront just for account creation. That's a LOT of trades on GLBSE, even with the higher fees until that pays off...