Our first major update of the year comes quite early, and it’s a big one - an update which will enhance the user experience while reducing risks. In short, these updates focus on improvements to our trading engine, a commitment to further investing in compliance and risk management, a partnership with Elliptic, and the verification of our proof of reserves and proof of liability by a reputable external auditor. We are constantly working to improve our platform and provide the best possible experience for our users.
We have made significant improvements to our trading execution and algorithms, resulting in faster and more efficient rebalances; thus improving the efficiency of the trading execution, which could lead to better returns for you. With accelerated rebalance speed, you can take advantage of market opportunities more quickly and potentially increase your profits.
Partnering with Elliptic
Ensuring our users' safety and security is our top priority. That's why we are committed to further investing in compliance and risk management to mitigate any potential risks on our platform. We have partnered with Elliptic, a blockchain analytics and crypto compliance solution, which will help us enhance our security and help catch and identify any suspicious activity on the platform. Elliptic is just one of the many steps we are taking to ensure the transparency and integrity of the ICONOMI platform.
Change of Fees
On Thursday, 12th January, we are increasing the rebalance fee to 0.37%. We believe that the change is justified by the additional features and improvements that have been added to the ICONOMI platform. The new rebalance fee is still competitive compared to fees charged by other platforms, and it may be accompanied by other changes or improvements to the platform that overall provide added value for users. The increase in fees is necessary in order for the platform to continue providing high-quality services and support to its users. We are committed to transparently communicating any fee changes and providing context for why they are being made. We appreciate your understanding and support as we work to continuously improve our platform.
With that, on the same date, we are lowering the crypto withdrawal fees, making it cheaper for users to access their funds.
New crypto withdrawal fees are as follows:
- Bitcoin (BTC): 0.0005 BTC (minimum withdraw amount 0.002 BTC)
- Ether (ETH): 0.005 ETH (minimum withdraw amount 0.04 ETH)
- USD Coin (USDC): 10 USDC (minimum withdraw amount 40 USDC)
You can find the rest of them on our Fees Disclosure page.
We're entering the new year head-strong, no matter the market. Stay tuned for further updates, and if you want to discuss with the community and our team, you're welcome to join us on our discord!