itBit the first exchange to bring maker rebates to all BTC and ETH trading

The exchange price war continued Thursday, as Paxos' itBit announced users will receive maker rebates of 3 bps on all bitcoin trades with immediate effect.

The New York-based crypto exchange has been offering Ethereum rebates since last month, hoping to attract new business and increase its market share, its general manager recently told The Block. So far, he says, they have proven popular "across retail and institutional” and helped boost volumes; likely expecting the same traction for bitcoin rebates.

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