Binance.US Zero Fees on Few Trading Pairs
- June 22, 2022
- 0
US-based cryptocurrency exchange Binance has introduced zero transaction fees for four Bitcoin pairs. The best #crypto platform is now better for lower fees. #BinanceUS It is the first
US-based cryptocurrency exchange Binance has introduced zero transaction fees for four Bitcoin pairs.
The best #crypto platform is now better for lower fees. #BinanceUS It is the first major platform to offer zero fees #bitcoins It trades spot pairs BTC/USD, BTC/USDT, BTC/USDC and BTC/BUSD for all users with no trading volume requirements.
Read: https://t.co/UYvNNvael2 pic.twitter.com/YDV0x3dfcJ
— Binance.US 🇺🇸 (@BinanceUS) June 22, 2022
The new conditions are not dependent on trading volume and apply to:
- BTC/USD
- BTC/USDT
- BTC/USDC
- BTC/BUSD.
Zero commissions will be valid indefinitely. Binance.US CEO Brian Schroeder described the initiative as a desire to “revolutionize the approach to trading fees and increase the availability of cryptocurrencies at a time when they are needed most.”
Representatives of the platform did not exclude that in the future zero commission will also be applied to other trading pairs. More than 100 assets have been listed on the platform.
The decision came against the background of a decline in customer activity amid the market downturn.
Shares of rival platform Coinbase were down 7.1%. At the time of writing, the drop rate in offers has dropped to 5%.
Recall that in April 2022, Binance.US raised $200 million during its seed round at a valuation of $4.5 billion.
Recently it became known that the company plans to raise another $ 50 million.
Earlier, Binance CEO Changpeng Zhao said that the crypto winter is the right time to hire new employees and develop the business further.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
