Fintech Firm Fasset to Launch Zero-Trade Fee Crypto Trading Platform for Countries in the Gulf Region

Publicado en by Coindesk | Publicado en

Sep 24, 2020 at 17:36 UTC.A new cryptocurrency trading platform is gearing up to offer zero-fee trades to users in six countries in the Gulf Region.

Announced on Thursday, the platform Fasset Exchange has started sign-ups for its private beta and is planning a public rollout later this year.

According to a press statement emailed to CoinDesk, FEX will be available to investors in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

Launched by fintech firm Fasset, the exchange aims to service both tokens backed by real world assets like gold and cryptocurrencies like bitcoin, ether and USDT.While the platform plans to not levy trading fees, it will charge consumers for services like withdrawal and over-the-counter fees.

Earlier in July, Fasset had also announced the launch of an Ethereum based operating system to help tokenize investment in climate-friendly infrastructure.

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