Cryptocurrency

Bitstamp backtracks on ‘inactivity fee’ charges

According to Bloomberg, Luxembourg-based Bitstamp is backing up its plans to introduce a € 10 “inactive fee” to its users, citing a statement from its CEO JB Graftieaux.

The response of the Bitstamp community to the accusation prompted a reconsideration of the initiative, according to a statement by the CEO.

Graftieaux reportedly states:

“We are listening to our customers’ responses to inactive charges. We are grateful for your concerns and will cancel. Listening to our customers is part of our service DNA.”

A statement The Bitstamp website says:

“All customers will continue to enjoy using and enjoying all services, regardless of their account balance or the time elapsed since their previous activity.”

Bitstamp previously stated that the decision to introduce pricing was to “save costs.” However, this has elicited the wrath of the crypto community, saying that the decision violates the crypto beliefs.

Meanwhile, Bitstamp trading volumes have fallen by more than 20% to about $ 165 million within the last 24 hours, according to CoinMarketCap. data..

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