Canadian VirtEx Fees increasing to 3% –400% increase..
Just got this in an email..
1) Trade Fees Increasing Due to increased operating costs our transaction fees will be raised as per the schedule below effective Wednesday evening Aug 22, 2012. VirtEx is working pro-actively with Canadian legislation to operate a Bitcoin exchange. When dealing with VirtEx, your funds are being held in Canada and under the protection of Canadian banking laws. Our mission is to become the first sanctioned and regulated exchange by the Canadian Government. The cost to pursue this status is high and requires us to raise our fees. The fee you are charged will be based on your 120 day BTC trade volume. Your current 120 day trading volume will be used when this fee schedule goes live.
120 Day BTC Volume, Fee Schedule Less than 100, 3.0% 100 to 300, 2.5% 300 to 600, 2.0% 600 to 1200, 1.5% 1200 to 2500, 1.0% 2500 or over, 0.5%
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