Welcome to Crypto Industry Bitcoin Ethereum Web3 News!

Bitstamp Reverses Course on Inactivity Fees Following Crypto Community Backlash

Bitstamp Reverses Course on Inactivity Fees Following Crypto Community Backlash
Bitstamp Reverses Course on Inactivity Fees Following Crypto Community Backlash

European cryptocurrency exchange Bitstamp has officially reversed its controversial decision to implement a €10 monthly inactivity fee, responding to significant pushback from the digital currency community.

According to recent statements from Bitstamp's CEO JB Graftieaux, the overwhelming negative feedback from users prompted the exchange to reconsider its approach to account management fees.

'The voice of our community has been instrumental in this decision,' Graftieaux emphasized in an official communication. 'We value our users' perspectives and believe this policy change better aligns with our commitment to serving the cryptocurrency ecosystem.'

An official statement published on Bitstamp's platform explains the exchange's revised position on dormant account charges, highlighting their renewed focus on user experience rather than cost-cutting measures.

Initially, Bitstamp had justified the proposed fees as necessary operational cost reductions, a position that sparked considerable debate within the cryptocurrency community about the direction of centralized exchange policies.

Market analysts have observed the impact of this policy reversal, noting that Bitstamp's trading volume experienced a temporary dip of over 20% within 24 hours, falling to approximately $165 million before showing signs of recovery, according to CoinMarketCap data.

tags:cryptocurrency exchange inactivity fee reversal Bitstamp abandons dormant account charges crypto community influence on exchange policies European cryptocurrency exchange policy changes cryptocurrency trading volume after fee implementation
This article is sourced from the internet,Does not represent the position of this website
gate.io
Copyright 2003-2025 by Crypto Industry Bitcoin Ethereum Web3 News www.latestcrypto.net All Right Reserved.
Friend Link: