Nu : Fee for buying and selling cryptocurrencies will be reduced for clients who trade the most

São Paulo, March 21, 2024 - Nubank, one of the largest digital financial services platforms in the world, announces a reduction in its fees for cryptocurrency trading by up to 0.8%, with the advantage of a complete, secure ecosystem integrated directly with the client's main account. Clients will be allocated among four different brackets that are tied to the volume traded by them in the last 30 days. The higher the traded volume, the lower the fee.

Thomaz Fortes, Executive Director of Nubank Crypto, comments on the recent update: "Our commitment is to offer our clients a secure and reliable experience in cryptocurrency transactions. Our focus in recent months has been to study ways to increase our operational efficiency and, by optimizing our processes, to reduce transaction costs more and more. With this, we have been able to reduce costs per transaction volume and decided to pass on this gain to the end consumer, rewarding our most engaged clients, who usually operate larger volumes on the platform," he says.

How does Nubank Crypto's reduced fee work?

Nubank Crypto is a service focused on selling cryptocurrencies within the app, aiming to simplify and increase access to the crypto market with Nubank's security and experience.

The fees for buying and selling cryptocurrencies will be determined based on each client's investment history. Additionally, we see potential to work on solutions that are also tied to the volume under custody that clients maintain on the platform, as well as the volume and quantity of on-chain transfers.

Now, the cryptocurrency fee will be automatically calculated based on some determining criteria:

1. The fee will be calculated daily based on the last 30 days;
2. All purchases and sales of cryptocurrencies (except Nucoin) will be counted, including the value of fees paid previously;
3. New purchases will be counted the next day or within a maximum of 48 hours;
4. To keep the fees reduced for longer, simply continue trading.

The new fee for cryptocurrency operations marks Nubank's commitment to providing a positive user experience without compromising the platform's sustainability. "Our fee consists of various expenses necessary to maintain a robust infrastructure, which involves collaborations to ensure the best execution and liquidity. We also comply with all regulatory and legal requirements, thus ensuring maximum security for our clients. This initiative is a direct response to the feedback from our clients, who are always at the center of all the decisions we make," adds Thomaz.