Users of leading eastern-European cryptocurrency exchange EXMO who trade Monero (XMR) on the platform will be ecstatic to hear the withdrawal commission have gone done by 50x, among other new updates cocerning trading with the currency via their service.
These means that the value for Monero, the 13th large cryptocurrency by market cap which is currently valued at €76.13 EUR apiece, will now only be charged 0,001 XMR per withdrawal, while deposits remain with the same 0% commission.
As well as this, the minimum quantity for both deposits and withdrawals has been dropped too. Now just 0,01 XMR is the minimum for deposits and 0,05 XMR being the minimum for withdrawals.
However, that’s not the only news that EXMO have announced concerning Monero.
They will also be speeding up the processing of crediting funds by reducing the network confirmations from 15 to 10. With new options for withdrawing XMR added to the service, with the option now for Standard XMR, Standard XMR + Payment ID or Integrated address.
All of which combines means EXMO will be a more enticing option than ever before for Monero traders. While their other recent updates surrounding new onboarding software makes them perfect for players looking for a new place to trade in general.
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