South Korean cryptocurrency exchange Coinone has effectively declared an indefinite extension of its zero trading fee policy, sending ripples through the local crypto market. Originally launched as a limited-time promotion in late 2024, the initiative has now been extended “until further notice,” signaling a bold and long-term commitment.
According to Coinone’s official announcement, all buy and sell transactions on the Korean Won (KRW) market will continue to be exempt from trading fees. API-based automated traders are also eligible for the benefit. However, deposit and withdrawal fees remain unchanged.
In a strategic twist, Coinone added that this benefit will be available specifically to users who have had no trading activity since April 1, 2024. The fee exemption is offered as a free trial via Coinone’s trading fee coupon system, and eligible users can enjoy zero trading fees for up to 60 days, capped at a total transaction volume of KRW 100 million. This is widely seen as an attempt to reactivate dormant users and attract new ones.
Industry experts view this as a clear move to gain competitive advantage. While major exchanges like Upbit and Bithumb still charge transaction fees, Coinone’s aggressive no-fee strategy aims to reduce user churn and draw in fresh trading activity.
However, concerns remain about the long-term sustainability of such a policy. “Trading fees are a core revenue stream for exchanges,” noted one crypto analyst. “Unless Coinone sees a significant uptick in trading volume, questions about its business model will eventually arise.”
Coinone has recently focused on user experience improvements by listing new tokens, enhancing its security systems, and redesigning its mobile app UI. The extended zero-fee campaign is widely seen as part of a broader transformation effort to strengthen its platform and user base.
