Share this article
UK Exchange Coinfloor Embraces 'No-Fee' Bitcoin Trading
The world's largest GBP bitcoin exchange has announced it will adopt a 'no-fee' trading policy starting later this week.
By Pete Rizzo
Updated Sep 14, 2021, 1:58 p.m. Published Jan 16, 2017, 1:01 p.m.
London-based digital currency exchange Coinfloor has announced it will adopt a 'no-fee' bitcoin trading policy beginning later this week.
With the move, Coinfloor, one of the larger players in bitcoin's still nascent GBP market, embraces a pricing strategy that is comparable to the industry's largest, though primarily China-based exchanges, which have long withheld fees on bitcoin-denominated trades.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Speaking to CoinDesk, exchange representatives indicated that the move is designed to boost liquidity at the exchange, the largest GBP bitcoin trading platform by volume, according to data from Bitcoinity.
The exchange sees just over 630 BTC (roughly $425,000) in GBP/BTC trades daily, a figure that puts it ahead of competitors in the market including Coinbase's GDAX exchange and San Francisco-based Kraken.
Yet, Coinfloor founder Mark Lamb said that he believes Western exchanges shouldn't be afraid to follow the more "innovative" policies adopted globally.
Lamb told CoinDesk:
"We also think the model is the right model for an exchange and could really fuel growth of Western bitcoin trading."
The news is notable given that in recent weeks, BTCC, Huobi and OKCoin, the world's three largest exchanges, have been increasingly active in engaging with the People's Bank of China, the country's central bank.
So far, this interaction has seen the exchanges adjust policies on lending-based margin trading, though volume figures appear unaffected, returning to averages seen before the price neared an all-time high earlier this month.
However, Lamb stopped short of saying that the move was designed to capitalize on recent uncertainty surrounding China-based exchanges.
"This is about growing the trading activity in the UK rather than taking away activity from other regions," he said.
Coinfloor said it will continue to charge for bitcoin withdrawals, as well as GBP deposits and withdrawals.
Old-style cash register via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
