Fasset Exchange With Zero Trading Fees to Launch in Middle East


Fasset Exchange, a new cryptocurrency exchange is set to launch in the middle east, six countries in the gulf region, with its zero trading fees later this year.

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 (FEX)  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 (BTC), ether (ETH) and USDT

While the platform doesn’t plan to levy trading fees, it will charge consumers for services such as withdrawal and over-the-counter fees. According to the emailed statement, users who sign up for its private beta testing, will have full access to the FEX platform and marketplace. 

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

This article is sourced from:https://www.coindesk.com