What is the Age of Zero?
What Phemex calls the ‘age of zero’ refers to the simple philosophy or concept that exchanges should no longer charge fees for transactions. This is perfectly in line with the blockchain principles of faster, safer and more accessible financial transactions.
Because Phemex’s goal is to empower as many customers as possible and deliver more value,
Phemex is excited to be ushering in a new era in finance with these changes.
This fresh start of Phemex’s zero-fee trading service is the perfect testament to the hearts.
Although Phemex may be leading the cryptocurrency industry (as an exchange with zero-fee movement), the move toward zero-fee already existed in the traditional financial world.
Take Robinhood, a financial services company founded in 2013, as an example, which has attracted attention as a business model without a simple app and transaction fee model.
As their name suggests, their goal was to make financial services accessible to everyone, not just the wealthy.
Their approach has won the hearts of a whole new generation.
As of 2018, about 80% of customers are millennials.
Other giants in the financial sector have also benefited greatly from implementing these changes.
Just recently, at the end of October 2019, Charles Schwab, the 14th largest banking institution in the United States, announced that their retail brokerage service model would be transitioning to one of zero commission.
This strategy immediately made all competitors follow suit.
The company had been working on this strategy for quite some time already, and all its rivals were starting to see their stock prices drop as they tried to imitate their pioneering rivals.
As such, Charles Schwab has been ahead of his less-prepared rivals in the new era of zero-fee and is currently in the process of acquiring some of his competitors.
Ultimately, the Zero Era is a win-win for everyone.
Companies that adapt to this philosophy quickly gain more followers (fans) and reputation, and their customers get more services for zero or lower cost.
Phemex will continue to embrace, implement and lead initiatives that reduce costs while increasing access to tools to help Phemex’s clients do their finances well.
Go to Phemex’s Official Website
Please check Phemex official website or contact the customer support with regard to the latest information and more accurate details.
Phemex official website is here.
Please click "Introduction of Phemex", if you want to know the details and the company information of Phemex.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...