Nubank Lowers Crypto Trading Fees, Offering Up to 60% Cuts

Nubank Lowers Crypto Trading Fees by Up to 60% to Boost Users

Nubank has made a significant move to lower cryptocurrency trading fees for its users, reducing them by up to 60% in just one year. The new fee structure, which began rolling out in October 2024, benefits users of the Nubank Cripto experience, allowing them to trade 15 different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USDC stablecoin, at more competitive rates.

Under this new model, most customers can now enjoy a rate of 0.6% per transaction, a sharp reduction from the previous average fee of 1.6% that was in place about a year ago. For the last few months, fees had been averaging around 0.8%, but the latest changes mark a further reduction by 25%.

Nubank Crypto Trading fees: Smoother Experience for Crypto Traders

Nubank's new fee structure aims to make cryptocurrency trading more accessible to a wider audience. The reduced fees will be rolled out gradually throughout October and November, and will be available to all Nubank Crypto users by the end of this period.

Additionally, the platform has extended the fee calculation window from 30 days to 45 days, giving users more time to accumulate transactions and benefit from lower fees. The rate is now determined based on the total volume of trades made within this 45-day window, providing users with greater flexibility.

Nubank Crypto Trading fees: Competitive Rates and Improved Efficiency

According to Thomaz Fortes, Executive Director of Crypto and Digital Assets at Nubank, the company has invested in operational efficiency throughout 2024, allowing them to pass these cost savings on to users. He noted that the reduced fees, particularly for users who trade in large volumes, optimize the value of transactions on Nubank Cripto.

Nubank has also forged strategic partnerships to improve the platform, including a partnership with Talos, which helps provide smart routing for liquidity providers. This collaboration ensures that users benefit from better overall trading conditions and lower costs.

Currently 15 different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and  Solana (SOL) are traded in the Nubank platform. With these improvements, Nubank continues its commitment to transparency, low fees, and a user-friendly crypto trading experience.

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