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itBit is trying to lure traders with rebates, and it’s already helping pump up its ether volumes

by Frank Chaparro

February 28, 2019, 12:06PM EDT  ·  2 min read

Quick Take

  • Paxos’s itBit offers rebates for ether traders adding liquidity to its venue
  • It’s helped boost its volumes, the firm said
  • Bitcoin rebates could soon be on the way

by Frank Chaparro

February 28, 2019, 12:06PM EDT  ·  2 min read

Paxos’ itBit, the tiny New York-based crypto exchange, is hoping incentives for traders will continue to drum up new business on its market, the company revealed to The Block in an exclusive interview. 

Earlier this year the firm began supporting trading for Ethereum, the second largest cryptocurrency. In order to attract new business, the firm has started to offer so-called rebates to folks adding liquidity to the platform.