FMFW.io, formerly known as Bitcoin.com, is a centralized cryptocurrency exchange (CEX). It offers spot and derivatives markets and margin trading. FMFW.io crypto exchange customers can also access staking, IEOs, and technical services like widgets and APIs.
FMFW.io requires users from countries with high risk for money laundering to comply with KYC regulations. Derivatives trading is restricted in several countries, including Australia, Germany, and the UK. Users from over 20 countries and territories are barred from all FMFW.io crypto exchange services.
The FMFW.io cryptocurrency exchange offers a broad range of trading services. It’s optimized for both individual and institutional clients and offers deep liquidity. The platform facilitates crypto-crypto trading, including trading with stablecoin pairs.
The platform regularly lists and delists assets as required. The catalog offers over 160 digital assets. Overall, there are more than 500 FMFW.io trading pairs available in the spot market and over 110 margin pairs that can be traded with up to 12x leverage.
The exchange offers multiple categories to preview market data, including a general overview, spread, depth, and activity. Best-performing trading pairs are highlights based on the FMFW.io trade volume and increase.
Spot and margin fees on FMFW.io are based on a multi-tier, maker-taker structure. There are 12 tiers in total. The base rate of the maker-taker fees is 0.1% and 0.5%, respectively. The higher tiers are determined by the 30-day FMFW.io volume and denominated in USDT.
Starting at tier 2 (minimum trade volume of 3,000 USDT), the fees are reduced to 0.095% for makers and 0.45% for takers. If the volume exceeds 1 billion USDT, the maker-taker fees are equally reduced to 0.031%.
For open margin positions, the daily interest rate varies based on the traded asset. All margin pairs have borrowing limits based on short and long positions. The limits are based on the selected FMFW.io trading pairs.
The derivatives market offers perpetual futures contracts with up to 75x leverage. The FMFW.io exchange fees in the futures market are fixed at 0.04% for makers and 0.08% for takers. There are no additional commission fees. For liquidated positions, the rate is 0.5% of the position’s value.
Professional traders are eligible for customizable fees based on their requirements. Users that join the referral program are eligible to earn 50% of the FMFW.io crypto fees. Additionally, new customers that register using the referral link receive a 50% discount.
There are no deposit fees on the platform. Individual users with basic accounts cannot withdraw more than $25,000 daily and are limited to $100,000 monthly. Individual Pro users cannot withdraw more than 100 BTC daily. However, they do not have a monthly withdrawal limit.
In addition to the FMFW.io spot and derivatives markets, customers can access other financial and technological services, such as staking and APIs.
Customers can participate in gamified financial services via Trading Competitions. The events promote active participation in trading. In return, they can win various prize pools.
Users can stake their assets to earn up to 40% of the staked sum as passive rewards. At the time of writing, the service supports nine cryptocurrencies, including HBTC, AXS, and ONT. The earned FMFW.io crypto price may vary as the estimated annual yield rates for all assets are different.
FMFW.io can be used to host initial exchange offerings (IEOs). Exchange customers are able to fund new and upcoming blockchain projects and purchase tokens directly on the platform.
Developers have access to the FWFW.io cryptocurrency exchange API tools. The open-source toolkit offers the programmatic trading engine used by the exchange. Developers can receive live market data, such as the FMFW.io volume and market capitalization, as well as orders and trades.
In addition to the financial products, FMFW.io also hosts the Tokenverse podcast. The podcast provides content such as weekly updates, interviews with industry experts, and discussions about the history and legacy of the FMFW.io cryptocurrency exchange. The podcast is also accessible to non-registered users.
About the Company
The FMFW.io crypto exchange was founded as Bitcoin.com by Danish Chaudhry in July 2019. The company rebranded to its current name in September 2021. FMFW is an abbreviation for “Free the Money, Free the World”. The headquarters are registered in Nassau, The Bahamas.
In September 2021, following the rebranding, the team announced that within two years of its launch, the FMFW.io crypto exchange had processed over 100 million transactions. The user base exceeds 1.2 million registered accounts.
Danish Chaudhry is the CEO of FMFW.io. He’s an entrepreneur and business strategist with an MS in Business Administration and Management from the London School of Economics. Chaudhry was previously part of TeacherHQ, a UK-based educational technology (EdTech) platform.