On April 2nd, COINOTAG reported that BiyaPay has unveiled a novel perpetual contract trading functionality within its multi-asset wallet. This feature introduces a “Maker Zero Fee” policy, allowing users to trade widely-used cryptocurrencies like BTC and ETH with USDT as collateral, and leverage options up to 20x. Notably, the platform eliminates trading fees for maker orders, while taker fees can be as low as 0.05%. This strategic move significantly lowers trading expenses, particularly benefiting high-frequency traders and those employing sophisticated strategies, thereby drawing more budget-conscious investors.
In addition to enhancing perpetual contract trading, BiyaPay excels in facilitating cryptocurrency-to-fiat exchanges. It boasts a secure exchange platform that supports instant transactions across more than 30 fiat currencies, including USD, HKD, and EUR. BiyaPay’s innovative localized clearing network allows for “same-day exchange, same-day deposit,” which boosts liquidity efficiency by over 90% compared to conventional methods, effectively mitigating withdrawal risks such as fund freezes.
With operational licenses across multiple jurisdictions, including the United States, Canada, and New Zealand, BiyaPay services over 200 countries and boasts a user base of more than 500,000. To enhance security, it has developed an on-chain asset tracking system alongside independent custody accounts, delivering dual-layer protection for user assets.