Sinofire Group launches low-cost compliant cash-out solution, with costs as low as half of the market.

ME News, June 26 (UTC+8): It is understood that the OTC business under Newfire Group has launched a low-cost, compliant withdrawal solution. For large USDT withdrawals, the comprehensive cost has been reduced to 1.2 per thousand (funds credited on the same day) to 1 per thousand (overnight settlement), cutting the fee rate by more than half versus the market’s mainstream fee level of over 2 per thousand.

Many industry insiders believe that the compliant OTC market has gone through a clear fee-down cycle over the past year. By the end of 2025, the withdrawal fee rates of top platforms generally remained in the 2.5 to 3 per thousand range. Entering 2026, as the number of licensed exchanges increases and trading volume expands, withdrawal costs have shown a structural decline. This time, Newfire has pegged its fee to the 1 per thousand level, establishing a significant advantage in the compliant track. Newfire OTC previously disclosed that its OTC trading volume surged by 8 times in the single week of June, and this initiative further strengthens its market position in the compliant OTC channel.

It is worth noting that this fee plan currently covers the USDT withdrawal channel and has no end date, demonstrating day-to-day competitiveness rather than a short-term strategy. The fee decline in compliant OTC is clearly beneficial to users—one of the long-standing pain points for investors holding large amounts of digital assets is that withdrawal costs are too high. For example, for an OTC withdrawal of 1,000,000 USDT, the 1 per thousand fee saves about 10,000 USDT compared with the 2 per thousand rate, and the annualized impact is even more significant for high-frequency trading customers. (Source: Newfire Group)