Bitget, a major global digital asset exchange, has announced a targeted revision to its peer-to-peer (P2P) fee framework specifically for the Nigerian Naira (NGN) trading pair. This adjustment is intended to strengthen liquidity in the Naira market and improve trading conditions for users engaging in on-chain and off-chain transactions using local currency.
Under the updated fee model, traders who fill existing orders on Bitget’s P2P marketplace, commonly referred to as takers, will now execute these trades with zero platform fees. This means users converting Naira to crypto or vice versa through matched orders will not pay fees to Bitget at the point of trade execution, significantly lowering cost barriers for routine activity.
In contrast, advertisers, market participants who post and provide liquidity by creating buy or sell listings, will incur a 0.1 per cent fee on both their buy and sell orders. This fee for makers is designed to balance the cost structure, ensuring that those supplying the market with available orders contribute marginally to platform operations while takers benefit from fee waivers.
The strategic rationale for this shift, according to Bitget’s Chief Marketing Officer, Ignacio A. Franco, is to align the exchange’s infrastructure with evolving regional needs and to sustain an efficient, locally responsive trading environment. In his statement, Franco emphasised that the fee revision reflects Bitget’s commitment to ongoing refinement of its global P2P marketplace to better serve communities where on-ramp and off-ramp channels are crucial for broader crypto adoption.
“This change reflects Bitget’s ongoing effort to adapt trading infrastructure in key regional markets and to maintain an efficient P2P trading environment tailored to local demand. Our priority is to continuously refine our marketplace to better serve local communities,” Franco said, stressing that the fee structure intends to both stimulate liquidity and simplify access to digital assets for Naira holders.
He further stated that by removing taker fees while keeping a modest cost for liquidity providers, Bitget aims to make crypto access more seamless for Nigerian users and position the NGN P2P market for sustainable growth in line with broader fiat currency strategies.
Bitget’s P2P platform enables direct fiat-to-crypto and crypto-to-fiat trading between users through localized settlement options without relying on traditional banking rails. By tailoring fee models to specific currency markets like the Naira, the exchange is addressing cost and liquidity challenges that have historically made fiat conversion less efficient in certain regions.
This move sits within a broader industry trend where exchanges optimise fee policies to capture trading volume while balancing market depth and operational sustainability. Fee waivers for takers can lower entry barriers for everyday traders, but exchanges often maintain maker fees or incentives to ensure there are always willing counterparties in the order book.
Overall, Bitget’s adjustment appears aimed at reinforcing its competitive position in the Nigerian market by lowering friction for users transacting with the domestic currency while maintaining a measured cost structure for liquidity providers.
