Review on ZUBR by Thalhat Tee
Zubr offers nice derivative features for traders, low derivatives trading fees
ZUBR exchange was launched March-April 2020. This exchange is a derivatives exchange which has had more than $25,000,000 trading volumes since its launch. The goal of this exchange is to provide state of art trading infrastructure to hedge funds. I registered on this exchange immediately by providing my email and full name after which i was sent a verification link which i used to set-up my password. The exchange currently offers perpetual contracts on BTC/USD, ETH/USD and ETH/BTC. I wasnt really a perpetual contracts trader because i didnt understand the way it worked. This exchange has quite a complicated interface, in the sense that it is not really attractive and eye-catching. The exchange offers one of the lowest rrading fees i have ever seen, 0.01% unlike other exchanges that charge 0.1%, 0.2% down to as high as 0.6%. I checked on the Telegram Channel, it was quite active with daily notifications on cryptoNews. There is an important information at the top of the webpage of this exchange that clearly reminds users that "trading crypto derivatives with leverages involves high risks". That statement should be well considered by Derivative traders. If there's any suggestion i will have for this exchange it going to be: 1. An improvement on their interface 2. A mobile app for traders and finally supporting more cryptocurrencies other than BTC and ETH
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Pros
- Derivatives trading is becoming a well accepted form of trading
- The trading fess is currently one of the lowest i have experienced
- The telegram channel provides users with up to date news
- The exchange is relatively new
Cons
- The interface needs to be worked on
- The nimber of supported cryptocurrencies are not much
