Firm rolls out zero-fee for P2P in Naira markets

By Olamide Akintunde

Bitget, a global Universal Exchange (UEX) has announced an update to its peer-to-peer (P2P) fee structure for the Naira Fiat Pair. The adjustment is designed to enhance liquidity and support evolving trading activity utilising the currency.

Under the revised structure, takers, users who fill existing orders on the NGN market, will incur zero fees, while advertisers (makers) providing liquidity will be charged a fee of 0.1 per cent on both buy and sell orders. This applies specifically to trades involving the Nigerian Naira on Bitget’s P2P marketplace.

The firm’s P2P marketplace enables users to directly buy and sell supported fiat currencies for cryptocurrency with one another using local settlement options, broadening access to digital assets without reliance on traditional banking rails.

According to Bitget’s CMO, Ignacio A. Franco, the change reflects the firm’s ongoing effort to adapt trading infrastructure in key regional markets and to maintain an efficient P2P trading environment tailored to local demand. He noted that the firm’s priority is to continuously refine its marketplace to better serve local communities.

“By introducing zero taker fees for NGN P2P trades while maintaining a competitive structure for makers, we aim to stimulate liquidity and make crypto access even more seamless for the currency users. We remain committed to adapting our infrastructure to evolving market dynamics and supporting sustainable growth across key fiat currencies.” he said.