BiyaPay Launches Zero Fee Perpetual Contract Trading for BTC and ETH

BiyaPay has introduced a new perpetual contract trading feature within its multi-asset wallet, marking a significant development in the cryptocurrency trading landscape. This feature includes a “Maker Zero Fee” policy, allowing users to trade popular cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) using USDT as collateral, with leverage options up to 20x. The platform has eliminated trading fees for maker orders, while taker fees can be as low as 0.05%. This policy is designed to reduce trading expenses, particularly benefiting high-frequency traders and those employing sophisticated trading strategies, thereby attracting more cost-conscious investors.

In addition to enhancing perpetual contract trading, BiyaPay excels in facilitating cryptocurrency-to-fiat exchanges. The platform supports instant transactions across more than 30 fiat currencies, including USD, HKD, and EUR. BiyaPay’s innovative localized clearing network allows for “same-day exchange, same-day deposit,” which boosts liquidity efficiency by over 90% compared to conventional methods. This feature effectively mitigates withdrawal risks such as fund freezes, providing a more secure and efficient trading experience.

BiyaPay operates with licenses across multiple jurisdictions, including the United States, Canada, and New Zealand, serving over 200 countries and boasting a user base of more than 500,000. To enhance security, the platform has developed an on-chain asset tracking system alongside independent custody accounts, delivering dual-layer protection for user assets. This commitment to security and innovation positions BiyaPay as a leader in the cryptocurrency trading industry.

The launch of zero fee perpetual contract trading for BTC and ETH by BiyaPay is a strategic move aimed at attracting a broader range of traders. Perpetual contracts are a type of derivative that allows traders to speculate on the price movements of cryptocurrencies without an expiration date. By eliminating trading fees, BiyaPay aims to make these contracts more accessible and appealing to both novice and experienced traders. This initiative is expected to boost trading volumes and liquidity, creating a more dynamic and efficient trading environment.

Enhanced liquidity features are another key aspect of BiyaPay's new offering. Liquidity is crucial in the cryptocurrency market as it ensures that traders can buy and sell assets quickly and at fair prices. By improving liquidity, BiyaPay aims to reduce the risk of slippage and price manipulation, providing a more stable and reliable trading experience. This enhancement is particularly important for traders who engage in high-frequency trading or require quick execution of trades.

The decision to offer zero fee perpetual contract trading for BTC and ETH is a testament to BiyaPay's commitment to innovation and customer satisfaction. By removing trading fees and enhancing liquidity, BiyaPay is positioning itself as a leader in the cryptocurrency trading industry. This move is likely to attract more traders to the platform, further solidifying BiyaPay's presence in the market. As the cryptocurrency landscape continues to evolve, BiyaPay's strategic initiatives are poised to drive growth and success for the company and its users.