PrimeXBT has unveiled a major campaign aimed at disrupting the crypto futures trading landscape by aggressively cutting fees and offering new users an automatic VIP 2 status for ten days. This status provides industry-leading trading fees, with a maker rate of 0.01% and a taker rate of 0.015%. The platform positions this as a direct challenge to incumbents like Binance, which charges 0.02% maker and 0.04% taker for futures, and Bybit, which lists 0.02% maker and 0.055% taker for USDT perpetuals.
The platform's infrastructure supports this low-cost model with over 130 perpetual contracts, cross and isolated margin options, and leverage of up to 500x. PrimeXBT also integrates TradingView charting directly into its interface and emphasizes security through cold wallet storage and two-factor authentication. The VIP program is volume-based, with VIP 1 users receiving a 67% discount on taker fees and VIP 2 users getting the highest discount. All new registrants are automatically upgraded to VIP 2 for their first ten days.
Concurrently, the broader decentralized perpetual futures (perp DEX) market experienced a massive volume surge, processing over $70 billion on February 5th. This was the second-largest daily volume ever, trailing only the "1011" flash crash of October 10, 2025. The surge was led by platforms like Hyperliquid ($24.7B volume), Aster ($11.55B), edgeX ($8.68B), and Lighter ($7.54B), as the market underwent a significant deleveraging event. Major coins like Bitcoin (trading near $64,000), Ethereum (in the high $1,800s), and Solana (around $79-$80) led the sell-off, demonstrating that perp DEXs have become a primary venue for managing leveraged crypto risk.
