Crypto Exchange Bitstamp Cancels Inactivity Fee Amidst Customer Outrage, Plummeting Trading Volumes

Bitstamp announced last Friday that small accounts with no activity in the past 12 months would be charged €10 per month to hold assets at the exchange. Customers quickly compared the move to that of traditional finance, criticizing the move. Trading volume fell 70% after the announcement and trading volume fell to $56.1 million over the weekend. The European-based exchange is still down almost 90% in trading volume from its peak in November amid the market hype that saw bitcoin approach $70,000 and the global crypto market cap peak at $3 trillion.Crypto exchanges rely on trading fees for the bulk of their revenue, so exchanges will still have to look at other ways to supplement their income in bearish periods. For confidential support call the Samaritans on 08457 90 90 90% Source